👀 Price Surge Without Liquidity: Analyst Explains Why Bitcoin's Rally Needs Confirmation 🔹 Bitcoin spot trading volume in August 2026 remains near levels not seen since September 2023, according to crypto analyst Darkfost. 🔹 Although the asset gained over 30% during the month, the analyst noted that price momentum has yet to be backed by a corresponding rise in trading activity. Comparing current metrics to October 2025—when Bitcoin traded near its cycle peak—the volume decline remains substantial. 🔹 On Binance, Bitcoin spot trading volume dropped from roughly $198 billion to $44 billion (though August figures edged out July by approximately $1.6 billion). Gate saw volume shrink from around $53 billion to $14 billion, while Bybit fell from about $41 billion to $17 billion. 🔹 As a result, trading activity across all three major exchanges remains approximately 70% below its October 2025 peak levels.