📢 Live Market News: Loading news...

Altseason Surges On After Binance Futures Volume Hits $100B


Main meals:

  • Altcoins 71 % of the Binance Futures trading, which is a clear shift in the Bitcoin TRADER.

  • More than 32,000 BTC were introduced, indicating a possible profit and rotation of the potential rotation amid increasing fluctuations.

  • TRX leads Altcoin momentum with early decoding from BTC, indicating the presence of fragmented altseason focuses on strong or excessive symbols.

Altseass continues to gain momentum with high daily trading volumes in the future of Binance to $ 100.7 billion, which is the highest level since February 3. This huge rise in activity comes in the aftermath of Bitcoin (BTC), which breaks its highest level in July, which leads to the renewal of the retail interest towards Altcoins.

The Crypto Maartunn analyst said that although the volume of trading in Bitcoin has been relatively stable, Altcoins is witnessing a significant increase in activity. Altcoins currently constitute 71 % of the total futures trading volume on July 22, highlighting a clear shift in the attention of trading away from Bitcoin.

Altcoin futures size on Binance. Source: Cryptoquant

Binance is still essential for this trend. On the immediate market, the total size of Altcoin via Central Stock Exchanges (CEXS) reached $ 57.6 billion, with Binance dealt 24 billion dollars, or 41.5 % of the global share. This means that nearly one in every two Altcoin deals now happen on Binance, which enhances its hegemony with high temperatures.

Altcoin Spot trading size. Source: Cryptoquant

Related: Ethereum when Nets $ 9.87 million like eth stras 8 days

Onchain flows show Bitcoin distribution

Bitcoin has also seen the most important net flows since July 2024, with more than 32000 BTC CEX entering, indicating an increase in the profit and possible distribution by senior holders. Historically, these nails have preceded the flow of BTC corrections, and perhaps the capital is freed to rotate to altcoins.

Netflows Bitcoin Exchang. Source: Cryptoquant

With more BTC exchanges entering, market fluctuations may increase, especially if demand in the altcoin sector continues to rise. Capital rotation can increase from the continuous altcoin gathering if the previous sessions are considered.

However, TIMO Oinonen Crypto has warned that only some symbols may benefit from the capital flow. Oinonen referred to TON (TRX) as an early indicator of this “selective altseason”, noting its consistent performance against Bitcoin since March, even as BTC has continued to lead revenue throughout the year.

TRX started in its separation from Bitcoin, a sign often seen at the beginning of the previous altseanyons, where the capital is transmitted to the Beta higher assets of BTC in search of a higher height.

BTC, TRX Spot Volomes compared to Timo Oinonen. Source: Cryptoquant

With the deployment of more than 43.4 million symbolic contracts published throughout the market, the trade scene is increasingly crowded, indicating that the upcoming Altseass may be more fragmented, and only prefers a limited set of basic assets or the uproar driven.

Related: “Altseason here” – 5 things to know in Bitcoin this week

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.