Altcoins are taking over Binance futures. CryptoQuant data shows a notable shift in trading behavior on Binance, with altcoins currently dominating the platform’s futures market.
According to the latest report from a crypto market analytics firm, altcoins now account for 82.3% of Binance futures trading volume, setting a new all-time high.
CryptoQuant’s analyst highlights that altcoin trading has never been this dominant, not even at the height of the 2021 bull run, when altcoin activity peaked at 76% during May’s altcoin season. Today’s numbers show just how much attention altcoins are drawing, reaching levels the market hasn’t seen before.
Tokens such as XPL, ASTR, SOL, and PUMP are attracting heavy trading activity, with investors seemingly prioritizing them over Bitcoin futures in pursuit of bigger gains. Aster (ASTR) alone jumped 250% in just one week, highlighting the powerful momentum driving the altcoin market right now.
Bitcoin Netflow Drops
Bitcoin’s netflow on Binance has dropped to -311 BTC, meaning more Bitcoin is leaving the exchange than entering. This suggests that investors are holding onto their Bitcoin rather than selling, reducing market pressure.
Historically, this signal has tended to appear just before price increases, suggesting a potential buying opportunity for traders, a CryptoQuant analyst said. “In short, Binance Netflow is strongly negative → a bullish sign for the market.”
Why This Matters
The surge in altcoin trading, combined with Bitcoin leaving Binance, signals growing investor confidence and reduced selling pressure. Historically, these patterns have often preceded upward trends.
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People Also Ask:
According to CryptoQuant, altcoins currently account for over 82% of Binance futures trading volume. Traders appear to favor altcoins over Bitcoin futures, seeking stronger momentum and potential gains.
During altseason, traders often shift focus from Bitcoin to altcoins, increasing market liquidity and volatility. This can create short-term trading opportunities but also carries higher risk.
Yes. Historically, high altcoin activity has coincided with periods of bullish market sentiment, suggesting growing investor confidence and potential upward trends across the crypto market.
When investors hold (HODL) Bitcoin rather than sell it on exchanges, it reduces selling pressure. This often coincides with stronger interest in altcoins, fueling altseason momentum.