24h Spot Volume across exchanges has more than doubled off its August trough, up 121% since the rally began.
Even more important than the size of the spike is the circumstance it arrived in. From late 2025 through the middle of this year, every expansion in spot turnover came on a leg down: four consecutive volume spikes, each one printed while price was falling. Volume spikes constituted capitulatory selling. August broke that sequence, and was the first expansion in a year to coincide with price rising instead.
Measured against its own recent history the recovery is still incomplete. The seven-day average sits around 30% below where it stood a year ago, which makes this volume coming off the floor rather than a return to 2025 conditions. A sustained hold above the pre-rally range would confirm a durable bid rather than a multi-week squeeze.
$RLC $NIL $BTC
Even more important than the size of the spike is the circumstance it arrived in. From late 2025 through the middle of this year, every expansion in spot turnover came on a leg down: four consecutive volume spikes, each one printed while price was falling. Volume spikes constituted capitulatory selling. August broke that sequence, and was the first expansion in a year to coincide with price rising instead.
Measured against its own recent history the recovery is still incomplete. The seven-day average sits around 30% below where it stood a year ago, which makes this volume coming off the floor rather than a return to 2025 conditions. A sustained hold above the pre-rally range would confirm a durable bid rather than a multi-week squeeze.
$RLC $NIL $BTC
