CryptoQuant data showing August spot + perps volume exploding while $BTC pumped 24%.

Their take: this might be the actual bear market exit.

Volume confirms price action. When both spike together, it's not just retail FOMO or low-liquidity pumps—it's real capital rotating in.

Still early to call the full reversal, but the setup is there. Watch for sustained volume above key levels. If it holds, we're likely in accumulation-to-markup transition.

Don't fade strength when the data backs it.