Binance altcoin trading hits highest volume since February, surges past $100B
The post Binance altcoin trading hits highest volume since February, surges past $100B appeared on BitcoinEthereumNews.com.
Altcoin trading volume on Binance Futures reportedly reached and crossed the $100 billion margin in a single day, its highest level since February 3, 2025. A report from CryptoQuant highlighted this detail, and the contributor also shared the potential reason behind the spike in volume. Source: CoinMarketCap What caused the spike in altcoin trading? Altcoin trading volume on Binance Futures recently reached $100.7 billion in a single day, which is the highest level it has attained since February 3, 2025. Contributor of the CryptoQuant report, Maartunn pointed out that this surge is happening after about five months of relatively lower activity, followed by Bitcoin reaching a new ATH. Bitcoin trading volume has remained stable, but the report claims altcoins have also seen a large increase in activity, which is why altcoins now account for 71% of total trading volume on Binance Futures. To put this in perspective, of all the futures activity happening on Binance, only 25% is coming from Bitcoin, while altcoin trading supplies the rest. From the large volume, it is also clear that Binance continues to lead the exchange roost as the preferred choice for traders. So what triggered the spike in altcoin trading volume? CryptoQuant author Maartunn attributed it to the return of retail investors to the market, a phenomenon he says is typically observed shortly after a break of all-time highs. Earlier this year, Binance reported that its altcoin trading volume had surged to 78% of its total volume in January, showcasing an 11% increase from May 2024. Observers think this suggests strong retail participation and potential for an altcoin bull market. Is it really altcoin season? Altcoin seasons usually follow a similar pattern that sees Bitcoin’s price rise rapidly, injecting positive bullish sentiment into the market. Source: CoinMarketCap It begins with the Bitcoin market…
Filed under: News - @ July 22, 2025 1:24 am