Altcoin Inflows Surge: Binance Sees Massive Inflows Ahead of Possible Rally
CryptoQuant recently reported that altcoin inflows to Binance, the largest cryptocurrency exchange globally by trading volume, have hit multi-month highs. Despite the increased trading activity, the altcoin season index is still only at 35. Analysts think an altseason might be on the horizon, though.
This change was recently brought to light in a post by Maartunn, a community analyst at CryptoQuant. He observed that there hasn’t been much of a shift in activity in cryptocurrency deposits over the last few months. The price of Bitcoin fluctuated sideways during this time. Nonetheless, he noted that the number of 7-day transactions has risen above 45,000, indicating a recent increase in deposits. Since late 2024, this was the highest level observed.
This increase may point to more traders getting ready to act,
Maartunn
Altcoin Activity Surges as Bitcoin Breaks $112K Barrier
Additionally, the expert noted that the recent spike in Bitcoin’s price, which recently topped $112,000, coincided with this increase in altcoin activity. He claims that altcoins have gained more attention as a result of this price change. Note that higher exchange inflows usually indicate selling pressure rather than buying interest, though.
When deposits like these rise, it usually means users are moving funds onto the exchange to trade, and not to hold. Whether this leads to more buying (in case of USDT/USDC deposit) or selling (Altcoins to stablecoins) depends on how the market moves next but activity is clearly rising,
Maartunn
And that’s not all. According to CryptoQuant data, the number of addresses and total transactions for altcoin inflows increased noticeably. This implied that the altcoin market was seeing more trading activity.
Altcoin Season Index Falls Short: What’s Holding It Back?
The Altcoin Season Index currently indicates no formal altseason comeback, despite the increased activity. When 75% of the top 50 cryptocurrencies (not including wrapped tokens and stablecoins) beat Bitcoin over a 90-day period, the index, which measures this performance, identifies an altseason. Current indicators show that Bitcoin still dominates market sentiment because it falls short of this barrier.
Furthermore, the analyst and trader contend that the altseason is over because of a lack of liquidity, a fractured focus of regular investors, and an excess of altcoins. He claims that rather than a widespread cryptocurrency rally, it is now more about “narrative season,” when only the most well-liked ventures prosper.
Altseason is dead—and it’s not coming back. Altseason used to mean 50 projects running 20–100x. Now it’s 5 cult coins mooning while 5,000 others bleed in silence,
Maartunn
For more up-to-date crypto news, you can follow Crypto Data Space.
