Altcoins are dominating the Binance Futures trading volume, accounting for 71% of the total, signifying a distinct shift in trader interest from Bitcoin. This data supports the ongoing narrative of an ‘altseason’. Over 32,000 BTC entered exchanges, suggesting profit-taking and potential altcoin rotation amidst escalating volatility. TRX is leading the altcoin momentum with early decoupling from BTC, indicating an altseason concentrated on strong or hyped tokens.
Daily trading volumes on Binance Futures surged to a staggering $100.7 billion, the highest since February 3. This intense surge in activity follows Bitcoin (BTC) hitting new highs in July, triggering revived retail interest in altcoins. Crypto expert, Maartunn, noted that while Bitcoin’s trading volume has stayed relatively stable, altcoins are experiencing a significant increase in activity.
Binance continues to play a pivotal role in this trend. On the spot market, total altcoin volume across centralized exchanges (CEXs) reached $57.6 billion, with Binance handling $24 billion, or 41.5% of the global share. This means nearly half of all altcoin spot trades now happen on Binance, further solidifying its dominance as altseason intensifies.
Bitcoin has also witnessed its most considerable net exchange inflows since July 2024, with over 32,000 BTC entering CEXs. This indicates increased profit-taking and potential distribution by significant holders. Historically, such inflow spikes have signaled deeper BTC corrections, potentially freeing up capital to rotate into altcoins.
However, crypto analyst Timo Oinonen warned that only a few tokens might benefit from the capital influx. Oinonen highlighted Tron (TRX) as an early indicator of this “selective altseason,” noting its consistent outperformance against Bitcoin since March, even as BTC continues to lead year-to-date returns. TRX has started to decouple from Bitcoin, a sign often seen at the beginning of previous altseasons, where capital shifts to higher-beta assets from BTC in search of greater upside.
With over 43.4 million token contracts deployed across the market, the trading landscape is becoming increasingly crowded, suggesting the upcoming altseason may be more fragmented, favoring only a limited set of fundamentally substantial or hype-driven assets.
