Altseason Surges On After Binance Futures Volume Hits $100B
An altseason is gaining momentum, with Binance Futures daily trading volumes reaching $100.7 billion, the highest since February. Bitcoin's recent highs have renewed retail interest in altcoins, which now account for 71% of total trading volume on Binance Futures. Binance dominates the altcoin spot market, handling $24 billion, or 41.5% of global trades. Bitcoin has experienced significant net exchange inflows, with over 32,000 BTC entering centralized exchanges, indicating profit-taking and potential distribution by major holders. This could lead to increased market volatility and capital rotation into altcoins. Analyst Timo Oinonen noted that only a few tokens may benefit from this influx, highlighting Tron (TRX) as an early indicator of selective altseason, having outperformed Bitcoin since March. The trading landscape is becoming crowded, suggesting the altseason may favor a limited number of fundamentally strong or hype-driven assets.
