CryptoQuant reports peak in BTC spot trading volume in October

Key Takeaways

• Bitcoin spot trading volume reached its highest level in October, per CryptoQuant.
• Renewed spot market activity signals direct buying and selling is driving recent market action.

Bitcoin spot trading volume reached its peak in October, according to CryptoQuant, as buying and selling activity accelerated across major exchanges amid renewed market participation.

The surge in spot volume comes as Bitcoin has been navigating a broadening range pattern since summer, often viewed as a bullish setup that supports stability.

Stablecoin reserve ratios on exchanges like Binance indicate buy opportunities, reflecting improved spot market conditions following recent liquidation events that had previously pressured prices.

While long-term Bitcoin holders continue to realize profits at elevated levels, spot-driven stability could help mitigate correction risks from overexpanded derivatives positions.

The October peak contrasts with periods when derivatives trading and open interest expansion contributed to increased market volatility through potential liquidation events across outstanding contracts.