maartunn
Binance Altcoin Volume Share just hit an all-time high: 82.3% ๐ฅ
This chart tracks the share of futures trading volume on Binance that comes from altcoins ๐ต vs Bitcoin ๐ . Never before has altcoin activity dominated like this. Altcoins like $XPL, $ASTR, $SOL, and $PUMP are pulling in massive attention. Traders are clearly favoring trading altcoins, rather than trading bitcoin futures. This suggest that the traders expect to have more edge or possible gains on the altcoins front. This sound reasonable, for example Aster increased 250% last week. Itโs worth to mention that even during the 2021 bull run, the altcoin share didnโt reach this level. In May 2021, Altcoin Trading Volume (%) spiked to 76% at highest. This was during the altcoin-season.