Crypto volumes surge alongside prices, marking the strongest weekly turnover since early March

Crypto trading has picked up sharply as prices rise. Bitcoin and major altcoins are on track for their strongest combined weekly volume since the first week of March, reflecting a renewed wave of market participation. A sudden jump in volume often signals a shift from caution to conviction. Traders appear to be chasing breakouts, rotating into altcoins, and rebuilding leveraged exposure as risk appetite improves. The move was also fueled by a short squeeze. About $648M in bearish crypto positions were liquidated on Monday as $BTC neared $85K. Broader sentiment was supported by falling oil prices and easing Treasury yields, which helped lift risk appetite across markets. Higher volume can help confirm a breakout, but extreme readings warrant caution. Strong participation can sustain momentum as long as buyers continue to step in, while another near-vertical surge in volume may indicate increasingly crowded FOMO rather than new demand. Live Chart: