Altcoins Dominate Binance Futures as Crypto Heats Up
According to reports, the volume of altcoin trading on Binance Futures hit and exceeded the $100 billion margin in a single day, marking the highest level since February 3, 2025. Maartunn, a contributor to the CryptoQuant report, noted that this spike follows roughly five months of comparatively weaker activity, after which Bitcoin hit a new all-time high. According to the research, altcoins have experienced a significant surge in activity, which is why they currently make up 71% of all trading volume on Binance Futures, while Bitcoin trading volume has stayed steady.
Altcoin Trading Dominates Binance as Retail Investors Fuel Market Boom
To put this in context, only 25% of all futures activity on Binance originates from Bitcoin. The remaining 25% comes from altcoin trading. The high volume also makes it evident that Binance is still the most popular exchange among traders.
The return of retail investors to the market, which Maartunn asserts is usually seen soon after a break of all-time highs, is the reason for the increase in altcoin trading volume. According to a report earlier this year by Binance, its altcoin trading volume increased by 11% from May 2024 to 78% of its overall volume in January. According to observers, this points to a large retail involvement rate and the possibility of an altcoin market boom.
Altcoin Season Not Quite Here Yet: CMC Index Suggests More Patience
Altcoin seasons normally follow a similar pattern that sees Bitcoin’s price climb swiftly, bringing favorable bullish enthusiasm into the market. This starts when the market value of Bitcoin rises, bringing its domination to a comparatively high level. The price of Ethereum then follows suit, and the network becomes more active.
The market performs better in all sectors as a result of the new upward trend. Investors are encouraged by the price increase to take their money out of Bitcoin and put it toward other ventures.
Anyone may scale data and gauge market sentiment using CMC’s Altcoin Season Index, which reflects the phenomenon in the market known as altcoin season. It’s not quite altcoin season yet, since the CMC’s Altcoin Season Index is now at 54.
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