$BNB 3.2 million BTC inflow into the Binance futures market

71% from altcoins, the market confirms that the "Altcoin Season" is strong

The "Altcoin Season" in the cryptocurrency market

refers to a market phase where other cryptocurrencies

(except Bitcoin, BTC, collectively referred to as altcoins)

significantly outperform Bitcoin over a period of time.

Specifically, the Altcoin Season is usually characterized by a rapid rise in the prices of many altcoins,

even surpassing the gains of Bitcoin.

Market funds flow from Bitcoin to other mid- and small-cap cryptocurrencies,

triggering widespread market enthusiasm.

Definition and characteristics of Altcoin Season:

1. Bitcoin's market cap dominance decreases:

The Altcoin Season is usually accompanied by a decline in Bitcoin's dominance

in the total cryptocurrency market cap

(BTC Dominance),

with funds starting to flow into large-cap altcoins such as Ethereum (ETH)

and Binance Coin (BNB), or other mid- and small-cap tokens.

2. Altcoins generally rise:

According to market analysis, a common criterion is

that if over 75% of the top 50 cryptocurrencies outperform Bitcoin

in the past 90 days, it can be considered an entry into the Altcoin Season.

3. Market sentiment is high:

The Altcoin Season typically occurs after Bitcoin has experienced a strong rise

and is cooling down or consolidating, as investors seek higher returns

(high Beta value), turning to invest in higher-risk

but potentially higher-return altcoins.

4. Sector rotation:

Funds will flow into specific popular tracks

such as decentralized finance (DeFi), real-world asset tokenization (RWA),

meme coins, or Layer-1 blockchain projects, etc.

Currently, the cryptocurrency market (July 2025) has less volatility

compared to the previous cycle (e.g., the 2020-2021 bull market) due to:

1. Institutional funds tend to prefer more stable investment strategies,

reducing the speculative volatility dominated by retail investors,

resulting in relatively lower market volatility.

2. The market is more influenced by institutional capital and regulatory frameworks,

with reduced speculative enthusiasm and more moderate gains.

3. An institutionally dominated market tends to stabilize Bitcoin's dominance,

with the market still in a "Bitcoin Season," limiting the gains of altcoins.

Conclusion:

Although the numerical criteria for defining the Altcoin Season have been met,

due to a high concentration of funds in Bitcoin,

funds cannot flow massively from Bitcoin to high-risk altcoins,

leading to overall market gains that are less exaggerated than the previous cycle,

and the industry currently lacks a narrative for explosive growth.