Binance spot volume fell to $44B from $198B in October 2025, while Gate and Bybit also recorded sharp declines. Bitcoin faces $78,500 resistance, with a break potentially targeting $82,000, w
Bitcoin rose more than 30% in August while exchange volumes stayed near levels last seen in September 2023, analyst Darkfost reported. Binance spot volume fell from $198 billion in October 2025 to $44 billion, while Gate and Bybit also recorded steep declines. Meanwhile, Glassnode reported renewed options activity as BTC recovered toward $80,000.
Darkfost said August trading volumes remained weak despite Bitcoin’s monthly gain. The trend followed similar conditions in July, leaving activity near three-year lows. Binance recorded the highest spot volume among the exchanges reviewed.
However, its volume dropped from $198 billion in October 2025 to $44 billion. That figure stood $1.6 billion above July’s level. On Gate, volume fell from $53.4 billion to $14 billion. Bybit also saw volume decline, dropping from $41.2 billion to $17.4 billion. Across the three platforms, average volumes fell by about 70%.
Doctor Profit said Bitcoin entered a soft bull market after breaking key resistance on Aug. 20. He identified $71,000 as strong support and $78,500 as major resistance. According to Doctor Profit, a break above $78,500 could open a move toward $82,000.
https://twitter.com/DrProfitCrypto/status/2094176564724269383?s=20He said a strong break above $82,000 would begin full bull market escalation. However, he described a $71,000 retest as possible rather than his preferred scenario. He also said the $60,000 reaction showed capital waiting to buy market weakness.
Meanwhile, Doctor Profit said daily RSI looked hot, while weekly and monthly readings remained neutral. He described the move as a short squeeze, rather than leverage-heavy activity.
Glassnode reported that Bitcoin options open interest recovered toward 550,000 BTC alongside the price rebound. DVOL also rose, reaching about 41 while remaining below earlier 50-60-plus regimes.
https://twitter.com/glassnode/status/2093316541194326220?s=20Additionally, 25-delta skew compressed across maturities, with short-term skew turning negative. Glassnode said this reflected lower demand for downside protection. Bitcoin also moved into a dense gamma zone around $75,000-$80,000.
Recent options flow centered on $72,500 and $79,250, with notable call buying. Put demand remained comparatively muted, while open interest rebuilt as BTC approached $80,000.
