Watch out for this! The volume of altcoins on Binance Futures has just broken the barrier of 100 billion dollars in a single day. Yes, you heard it right, ONE HUNDRED BILLION! 🤯 This hasn't been seen since February of this year, and it is a clear sign that something big is happening in the crypto world.
According to a report from CryptoQuant, the move is significant: right now, altcoins represent 71% of the total trading volume on Binance Futures. Can you imagine that? Out of every 100 dollars traded in futures on Binance, 71 are from altcoins! Bitcoin, which has always been the king, only takes 25%. This is a brutal change in the game! 🔄
The author of the report, Maartunn, has the key to the news: the return of retail investors. Those who had stepped back a bit are coming back with full force, especially after Bitcoin reached a new all-time high. When Bitcoin goes up, people get excited and start looking for other opportunities. And that's where altcoins come in to shine. ✨
Are we in the middle of "altcoin season"? Well, here's the thing: an altcoin season kicks off when Bitcoin rises strongly, injecting a super positive vibe into the market. Then, Ethereum follows suit, and from there, madness unfolds with a ton of projects and Dapps (decentralized applications) that start to grow like crazy. This leads people to move their capital from Bitcoin to other coins in search of higher returns. 🤑
The CoinMarketCap Altcoin Season Index is currently at 54. For it to officially be "altcoin season," it needs to be higher. But the fact that it's rising already tells us a lot. The expectation is that as more people learn about these opportunities, we will see many altcoins shoot up, even surpassing the growth of BTC itself! 🚀📈
So, the data that changes everything is this: small investors are back with enthusiasm, and they are putting their money into altcoins. This could be the start of a giant wave for many of those coins. Let's stay alert!$BTC $ETH $ENA
