A record $31 billion influx of USDT and USDC into Binance is reviving hopes for a long-anticipated altseason, as traders begin to position for a potential breakout across the broader crypto market.
According to on-chain analyst Timo Oinonen, this spike in stablecoin reserves represents “a brewing liquidity explosion,” signaling that investors are sitting on the sidelines with dry powder, waiting for the right moment to rotate into altcoins.
The shift comes amid a steady decline in Bitcoin dominance over the past 90 days, suggesting capital could soon flow into other digital assets. At the same time, the TOTAL2 chart — which tracks the market cap of all cryptocurrencies excluding Bitcoin — is forming a bullish cup-and-handle pattern. If confirmed, it could push the altcoin market to $1.55 trillion in the coming months.
“Stablecoins flooding into Binance while BTC is being withdrawn is a key tell,” said Oinonen in a CryptoQuant post. “It hints at latent buying power ready to deploy.”
João Wedson, CEO of Alpharactal, echoed the sentiment, pointing to signals on the Altcoin Season Index that suggest it may be an opportune time to accumulate altcoins while Bitcoin remains in consolidation.
While altseason hasn’t fully materialized yet, the combination of surging stablecoin reserves, weakening Bitcoin dominance, and coiling market structure suggests the second half of 2025 could be pivotal for altcoins — if the right catalyst arrives.
