Definition ∞ Spot buying volume refers to the total quantity of a digital asset purchased for immediate delivery and settlement at the current market price on a spot exchange. This metric measures direct demand for the underlying asset, reflecting actual acquisition rather than speculative derivatives trading. High spot buying volume typically indicates strong market interest and upward price pressure. It provides a direct gauge of market participation.
Context ∞ Spot buying volume is a key indicator analyzed in cryptocurrency market reports and news to assess genuine demand for an asset. A surge in spot buying volume often accompanies significant price movements, confirming the strength of a rally or the conviction behind a price floor. Conversely, low spot buying volume during a price increase might suggest a less sustainable upward trend. This informs market trend analysis.