Altcoin Inflows to Binance Hits 18-Month High

Over the past week, the number of deposits on Binance has increased sharply, with the number of transactions in 7 days exceeding 45,000. This is the highest figure since late 2024, indicating renewed interest among traders in altcoins.

According to the analyst from CryptoQuant, when investors move assets to such exchanges, it signals that they are preparing to trade. For several months, this inflow has remained constant, especially against the backdrop of Bitcoin confidently dominated its parabolic rise above $123,000.

Historically, the shift to altcoins has often occurred after a sharp rise in the Bitcoin rate. As soon as the flagship crypto asset cools down, profits are redistributed in favor of cryptocurrencies with a smaller capitalization. If this pattern manifests itself again, then a sharp increase in deposits on exchanges could become the first real sign of the alt season.

On other exchanges this trend is not so noticeable yet, but behind the activity Binance It is worth watching as it is the largest platform in terms of trading volume.

Meanwhile, the total altcoin market capitalization has grown by 23% over the past month, adding to the bullish sentiment. At the same time, according to CoinMarketCap, altcoin season index was 36 at the time of writing, down from a peak of 55 last month. Typically, the index needs to reach or exceed 75 to confirm an altseason.

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