Rising Tides: Bitcoin Spot Volume Jumps 121% Amid Rally

The Bitcoin spot trading volume has seen a significant increase of 121% since its August low, according to Glassnode's Week On-chain report. This recovery stands out from previous four consecutive spot volume expansions, which occurred during periods of declining prices in late 2025 and mid-2026.

These previous volume surges were linked to investors selling during downturns. In contrast, the current increase in volume coincides with rising prices, marking a departure from this pattern.

The report highlights that trading activity is now spreading across multiple exchanges, rather than being concentrated on a single exchange. This broader distribution of trading activity suggests a more sustained demand for Bitcoin.