Glassnode report states that BTC spot trading volume rebounded from the August low 121%
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The report states that BTC spot trading volume increased from the August low 121%and coincided with price appreciation.
Article
Glassnode：BTC Spot trading volume rebounds 121%, with Gate recording the largest share increase
PANews September 24 reports that Glassnode's latest “The Week On-chain - Escape Velocity” report shows that BTC spot market activity has recovered markedly. Across exchanges, 24-hour spot trading volume increased from the August low by 121%, with Gate recording the largest increase in market share. This rise in volume coincided with BTC price appreciation, unlike the previous consecutive volume expansions, all of which were accompanied by price declines. Regarding price structure,BTC has risen above 77,000 USD's realized market average price and 84,000 to 85,000 USD's long-term holder supply zone. Options data further indicate that dealer hedging may amplify price volatility between BTC's spot price and 92,000 USD, while positive Ga... near 95,000 USD...
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🔗https://www.panewslab.com/zh/articles/01a0d2b1-dcad-772f-a76e-b9ee32b0d014
Key points
01
PANews stated that Glassnode's latest “The Week On-chain - Escape Velocity” report shows that BTC spot market activity has recovered.
02
Across exchanges, 24-hour spot trading volume increased from the August low 121%。
03
The report states that Gate recorded the largest increase in market share.
04
The report states that this rise in volume coincided with BTC price appreciation.
05
The report states that BTC has risen above 77,000 USD's realized market average price and 84,000 to 85,000 USD's long-term holder supply zone.
06
The report states that dealer hedging may amplify price volatility between BTC's spot price and 92,000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Spot trading volume reflects actual buying and selling activity. The news report paraphrase states that BTC spot trading was August much more active at the low point, and that this increase in trading volume was accompanied by a price increase. The report also mentioned several price zones and potential volatility from options hedging.
Why it matters to readers
If the reported data are accurate,BTC market participation has recovered from the August low; however, higher trading volume does not necessarily mean the price trend will continue, and options hedging may also amplify volatility.
Beginners can view spot trading volume as an indicator of actual buying and selling interest, but should also consider the statistical methodology, whether prices are sustainable, and volatility risk.
Risks and unknowns
The original text was truncated in the options section, and 95,000 USD the complete information nearby cannot be confirmed.
The provided materials do not include the full original Glassnode report, the volume calculation methodology, or detailed data.
The report is PANews' paraphrase of a Glassnode report; the provided materials do not allow independent verification of all conclusions.
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Spot trading volume
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