Altcoin Futures Trading Volume on Binance Hits a Peak
Last week, the trading volume of altcoin futures on the Binance Futures platform reached a record high.
CryptoQuant analyst Maartunn reported that the daily trading volume reached $100.7 billion — the highest level since February 3, 2025. The exact day wasn’t specified, but according to the published chart, this happened on July 19.
Bitcoin price change (white line) and altcoin futures trading volume (brown bars)
The chart clearly shows that surging derivatives market activity often precedes stagnation or a decline in BTC prices. Therefore, it can be assumed that Bitcoin, which reached an all-time high of $123,236 on July 14, may gradually decline.
While Bitcoin trading volume remained stable, altcoin turnover increased significantly. Currently, altcoins account for 71% of the total trading volume on Binance Futures — nearly three-quarters of all orders are tied to altcoins, not BTC, noted Maartunn.
According to CoinMarketCap, the Altcoin Season Index has more than doubled since July 10 and now stands at 47. When it exceeds 75, the altcoin season will be considered officially underway. However, considering the 36% increase in altcoin market cap since July 8, it seems the bull rally has already started and is gaining momentum.
See also: "Coinbase Launches Perpetual Futures for U.S. Traders"
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