$100B Binance Futures volume backs traders’ ‘altseason’ claim
An altseason is gaining momentum as Binance Futures trading volumes have surged to $100.7 billion, with altcoins constituting 71% of this volume. This increased interest comes as Bitcoin has recently reached new highs, prompting traders to shift their focus to altcoins. Over 32,000 BTC have entered exchanges, suggesting profit-taking and the potential for capital rotation into altcoins. TRON (TRX) is leading the momentum among altcoins, having begun to decouple from Bitcoin, a sign indicative of a selective altseason where only certain strong or hyped tokens may outperform. The growing altcoin market activity is evident, with Binance handling 41.5% of global altcoin spot trade. However, analysts caution that the market landscape may be crowded, and not all tokens will benefit from this capital influx, emphasizing the need for targeted investment strategies. Historical trends suggest that such shifts in trading dynamics could precede deeper corrections in Bitcoin, further fueling altcoin rallies.
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