Binance Altcoin Volume Spikes — Is This the Start of Altseason?

Since bitcoin (BTC) has been consolidating after hitting an all-time excessive, altcoins have been on the transfer. Giant-cap belongings have been main, and the meme coin sector has been rising as effectively, with crypto neighborhood members questioning if this marks the onset of the long-awaited altseason.

Whereas it stays unclear whether or not this temporary interval is starting, the market continues to see actions that counsel that it’s probably the case. One in every of them is the surge of altcoin buying and selling quantity on the world’s largest crypto alternate, Binance.

Binance Futures Altcoin Quantity Spikes

In response to a CryptoQuant analysis, altcoin buying and selling quantity on Binance Futures spiked to $100.7 billion in a single day. The surge marks the best seen since February 3, 2025, and comes after months of comparatively decrease altcoin exercise.

Binance is mostly thought-about the popular platform for varied forms of buying and selling, as evident in its substantial buying and selling volumes. So, the most recent spike signifies that retail buyers are returning to the altcoin market. Analysts be aware that that is usually noticed after BTC reaches new all-time highs.

Market specialists have all the time insisted that buyers have to reallocate capital from bitcoin to altcoins earlier than an altseason can begin. That seems to be the case at the moment – Bitcoin’s buying and selling quantity has remained secure whereas altcoins account for 71% of the full buying and selling quantity on Binance Futures.

Over the previous few days, Solana (SOL) and XRP have skilled vital features of their market capitalization and costs. Solana’s market cap climbed again above $100 billion, whereas that of XRP hit an all-time excessive of $208 billion, with the coin’s value recording a brand new excessive.

Ether (ETH) has additionally been within the inexperienced, with its value staying regular above $3,000. The expansion of those belongings can be linked to rising institutional adoption as extra company entities embrace crypto treasuries.

Is Altseason Right here?

As altcoins proceed rising, Bitcoin’s dominance is falling, hovering beneath 61%. Market specialists are citing this decline as proof that the altseason has begun – earlier altseasons have usually began with a decline in Bitcoin dominance.

CryptoPotato reported that some analysts imagine the altseason began final week, whereas others preserve that the uptrend will start this week. Others insist that this cycle shall be no completely different from previous ones and that the capital at the moment flowing into high-cap belongings will finally rotate into smaller initiatives.