Bitcoin closed August with a strong gain of twenty-four percent. The leading cryptocurrency posted its best monthly performance since November 2024. The data comes from the authoritative analytics platform CoinGlass. Over the course of the month, the digital asset recovered from around the sixty-four thousand dollar level. The price briefly climbed above the eighty-one thousand dollar mark. Momentum faded noticeably heading into the final weekend of August. Prices fell to $76,877 following remarks by the Fed Chair. Digital gold is currently trading near seventy-eight thousand dollars.
Pressure on risk assets is mounting as expectations of a rate hike grow. The market is pricing in the probability of such a decision at the September 16 meeting. According to CME FedWatch data, that probability stands at approximately sixty-four percent. Spot Bitcoin volumes remained near three-year lows. CryptoQuant analyst Darkfost drew attention to an important detail. Trading volumes on major exchanges remain around the lows of September 2023. Binance's volume for August came in at approximately forty-four billion dollars. In October 2025, it had reached one hundred ninety-eight billion dollars.
Trading volume on Gate dropped to fourteen billion dollars. Bybit posted a decline from $41.2 billion to $17.4 billion. The average decline across the three platforms reached approximately seventy percent. At the same time, the pace of the activity decline has stopped accelerating. Binance's volume came in $1.6 billion higher than the July figure. Metrics at other major platforms have broadly stabilized. The analyst described this as the first sign that a prolonged downturn is coming to a halt. A separate positive signal came from South Korea. Bitcoin is trading one percent higher on the local exchange Upbit.
The positive Korean premium has persisted for a full week. This is the longest such streak since early May of the current year. For most of the summer, the situation was the complete opposite. In early June, the discount in the Korean market reached 3.1 percent. Marcus Thielen of 10x Research commented on the situation. The return of the premium has not yet been accompanied by a pickup in spot volumes. Large wallets have noticeably increased their Bitcoin holdings. Addresses with balances exceeding one hundred coins added sixty thousand units to their positions. Mid-tier holders reduced their holdings by thirty-three thousand Bitcoin.
Holders of less than one coin sold another fourteen thousand units. Buying activity among large participants accelerated notably on August 19. The asset broke out of the $62,000–$65,000 range at that point. No signs of mass selling of accumulated coins have been recorded so far. Glassnode registered mixed signals in the market. Institutional demand, however, remains quite resilient. Steady inflows into American exchange-traded funds continue. At the same time, analysts have noted a cooling in the retail segment. In the derivatives market, by contrast, speculative sentiment among participants is increasing. On August 25, Bitcoin rose above eighty thousand dollars for the first time since May. US spot funds attracted approximately $2.26 billion.
***
This material is prepared for informational purposes only and does not constitute financial advice or a recommendation.