Binance Futures recorded a staggering $100.7 billion in daily altcoin trading volume on July 22, 2025 – the highest level since February 3 – as traders shifted focus from Bitcoin to alternative cryptocurrencies. This surge represents a dramatic resurgence in altcoin activity, with altcoins now dominating 71% of Binance Futures' total trading volume.
CryptoQuant analyst Maartunn highlighted this as evidence of renewed retail interest, noting that while Bitcoin volume remained stable, altcoins experienced explosive growth following BTC's July all-time highs. On the spot market, centralized exchanges processed $57.6 billion in altcoin trades, with Binance capturing 41.5% ($24 billion) of global volume – meaning nearly half of all altcoin spot trades occur on the exchange.
Simultaneously, over 32,000 BTC entered exchanges – the largest net inflow since July 2024 – signaling significant profit-taking and potential capital rotation into altcoins. Historical patterns suggest such inflows often precede BTC corrections while accelerating altcoin rallies.
However, analyst Timo Oinonen cautioned about a 'selective altseason', pointing to Tron (TRX) as a prime example. TRX has consistently outperformed Bitcoin since March 2025 and shows early decoupling – a traditional altseason indicator where capital shifts to higher-beta assets. With over 43.4 million token contracts deployed market-wide, Oinonen suggests the rally may favor only fundamentally strong or hype-driven tokens amid increasing fragmentation.
