***@Satoshi Know How Text***
📊 Altcoins are flowing into Binance at the highest rate in months — over 45 thousand daily transactions, according to CryptoQuant.
However, the Altcoin Season Index is only at 35. So... is the altcoin season near?
Here’s what’s happening:
• $BTC rally above $112K is drawing attention to altcoins
• On-chain data shows rising altcoin deposits = traders preparing to act
• But inflows generally signal selling, not buying
👀 Some say that "the altcoin season is dead" — too many coins, insufficient liquidity.
Others argue that we are in a "narrative season" — where only hype coins rise while the others bleed.
Still, traders like @MerlijnCrypto believe that altcoins are gearing up for a breakout.
August = accumulation.
September = fireworks?
What’s your opinion?
