CryptoQuant diagnosed that trading has become significantly active, centered on the spot market, as Bitcoin (BTC) recently surged to $80,000. It added, "BTC spot trading volume has recently increased by approximately 3-4 times, with Binance accounting for the largest share. Whale deposits to exchanges have also been consistently ongoing, with the average deposit amount per transaction exceeding 50 BTC. The volume of altcoins flowing into exchanges has also increased by approximately 3 times. This suggests that market participation is becoming active again with the rise in BTC price."
