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Altcoins account for 82.3% of futures trading on Binance, setting a new record.
According to data from CryptoQuant, the proportion of altcoin futures trading volume on Binance has just reached a record high of 82.3%, far surpassing Bitcoin. Altcoins such as XPL, ASTR, SOL, and PUMP are attracting strong capital flows, with ASTR increasing by up to 250% just last week.
Even during the “altcoin season” of 2021, the market share of altcoins peaked at only 76%. This trend indicates that traders currently believe that altcoins offer more profit opportunities compared to Bitcoin futures.