Binance’s altcoin trading volume has just hit a nearly two-year high, with its share jumping to roughly 65% of the entire platform. By contrast, Bitcoin is down to 21%, and Ethereum is at just 13.6%—the money flow is already very clear: it’s all running toward altcoins.
Over the past week, about $135 billion flowed into the altcoin market, and the total crypto market cap also climbed by nearly $500 billion. It’s now closing in on $2.7 trillion. Risk appetite in the market is definitely recovering, but it’s still too early to say, “Altcoin season is here.”
Worth noting: this wave on Binance is mainly propped up by derivatives trading; spot trading hasn’t been following as aggressively. To judge whether this rally can actually continue, we should watch a few key signals next: whether spot volume can truly catch up, whether the gains are concentrated only in a handful of popular coins, and whether volatility might suddenly tighten.
In short: the money is moving into altcoins, and sentiment is rising too—but don’t rush to call “altcoin season.” Keep watching the depth and breadth of spot activity and the market’s overall participation before drawing conclusions.📊#山寨季何时到来？
Over the past week, about $135 billion flowed into the altcoin market, and the total crypto market cap also climbed by nearly $500 billion. It’s now closing in on $2.7 trillion. Risk appetite in the market is definitely recovering, but it’s still too early to say, “Altcoin season is here.”
Worth noting: this wave on Binance is mainly propped up by derivatives trading; spot trading hasn’t been following as aggressively. To judge whether this rally can actually continue, we should watch a few key signals next: whether spot volume can truly catch up, whether the gains are concentrated only in a handful of popular coins, and whether volatility might suddenly tighten.
In short: the money is moving into altcoins, and sentiment is rising too—but don’t rush to call “altcoin season.” Keep watching the depth and breadth of spot activity and the market’s overall participation before drawing conclusions.📊#山寨季何时到来？