A recent report from CryptoQuant highlights that the altcoin trading volume on Binance Futures reached a record level of $100.7 billion in a single day, the highest since February 2025.
Reasons for the Surge in Altcoin Trading Volume
According to the CryptoQuant report, the altcoin trading volume on Binance Futures sharply increased to $100.7 billion. CryptoQuant contributor Maartunn noted that this surge occurred after several months of low activity, triggered by Bitcoin hitting a new all-time high. While Bitcoin trading volumes have remained steady, altcoins have shown increased activity, now accounting for 71% of total trading volume on Binance Futures.
Altcoin Season: Reality or Myth?
Altcoin seasons often begin after a sharp rise in Bitcoin’s price, creating a positive sentiment in the market. This typically leads to an increase in Bitcoin's market cap, followed by price increases in Ethereum and other altcoins. Currently, the CoinMarketCap Altcoin Season Index shows a value of 54, indicating that it is not officially Altcoin Season yet.
Prospects for Further Growth
The rise in altcoin trading volume may suggest the return of retail investors to the market, typically observed after all-time highs are reached. If interest in altcoins continues to rise, significant price increases are expected for many altcoins, potentially outpacing Bitcoin's growth.
The sharp increase in altcoin trading volume on Binance Futures may indicate the beginning of a new altcoin season, which is significant for investors monitoring the dynamics of the cryptocurrency market.
