#BTC☀ $TIA
Bitcoin jumped from the mid-$60Ks to above $80K in late August. But what actually drove the rally?
New analysis from DeFiLlama points to fresh buying - not just leverage - playing a key role.
🔸 Spot volume grew 153% during the breakout period
🔸 Perpetual volume rose 109%
🔸 US spot Bitcoin ETF inflows hit $3.52B for August alone
🔸 Binance accounted for 46% of spot volume across all tracked exchanges
🔗 Full breakdown: https://www.binance.com/en/blog/research/4088751955101426104?ref=XM45FR0F&utm_source=BinanceWA&utm_medium=GlobalCommunity&utm_campaign=GeneralPosts
Bitcoin jumped from the mid-$60Ks to above $80K in late August. But what actually drove the rally?
New analysis from DeFiLlama points to fresh buying - not just leverage - playing a key role.
🔸 Spot volume grew 153% during the breakout period
🔸 Perpetual volume rose 109%
🔸 US spot Bitcoin ETF inflows hit $3.52B for August alone
🔸 Binance accounted for 46% of spot volume across all tracked exchanges
🔗 Full breakdown: https://www.binance.com/en/blog/research/4088751955101426104?ref=XM45FR0F&utm_source=BinanceWA&utm_medium=GlobalCommunity&utm_campaign=GeneralPosts