Binance altcoin trading hits highest volume since February, surges past $100B

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.

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.

It begins with the Bitcoin market cap increasing, driving up Bitcoin dominance to a relatively high level before Ethereum’s price follows suit and more activities occur on the network.

As a result, more Dapps get used and built, and new blood is injected into the ecosystems, causing many narratives to gain rapid popularity. The resulting upward trend leads to a surge in market performance across different sectors, and the price increase encourages investors to rotate funds and capital out of Bitcoin to invest in other upcoming opportunities.

The phenomenon is reflected in the market as altcoin season, and with CMC’s Altcoin Season Index, anyone can scale the data and get a read on the market sentiment. As things stand, the CMC’s Altcoin Season Index is at 54, so it’s not officially Altcoin Season yet.

As more investors become aware of this and the opportunity it presents, you can expect more altcoins to collectively gain prominence and witness significant price hikes across the board, often outpacing BTC’s growth.