Altcoin Spot Trading Volume Has Yet to Exceed $10 Billion
According to CryptoQuant data, the current spot trading volume of altcoins remains sluggish, with an average daily trading volume of only $3 billion to $5 billion, while in the fourth quarter of 2024, this figure was as high as $8 billion to $12 billion. This indicates that altcoins may be in the early stages of a rebound. Despite the low trading volume, market analysts generally believe that this situation could be a precursor to a strong rebound for altcoins, suggesting that they have not yet reached the peak of growth.
Data from Blockchaincenter.net shows that the current altcoin season index is 24, further confirming that the market is still in a Bitcoin-dominated period. Historically, an index below 25 typically means Bitcoin dominates the market, but this is not necessarily bad news for altcoins. When the index rises above 30 to 40, altcoins usually experience significant increases, primarily because funds flow from Bitcoin into altcoins.
As trading volume shows signs of recovery and the altcoin season index points to an impending market shift, investor expectations for an altcoin rebound are becoming increasingly optimistic.
