If spot volume is increasing and leverage is decreasing, the ecosystem might be entering a more “stable growth” phase rather than explosive leverage‑driven swings — possibly lower short‑term volatility.
The strong BNB performance suggests that Binance‑centric holdings (BNB, BNB‑chain tokens) may outperform broader altcoins in this phase.
But, users should remain cautious: even strong ecosystems can be hit by regulatory/technical issues (e.g., the depegging incident).
