Binance altcoins trading dominance has increased rapidly, with its trading volume moving from about 50.8% in May 2024 to over 78% in January 2025. The trend has convinced market experts that the altcoins market is primed for a bull run.
Crypto analyst Burakkesmeci highlighted the trend in a recent post. “With growing retail participation, the dominance of altcoins (others, excluding Bitcoin (BTC) and Ethereum (ETH)) in Binance trading volume has consistently risen, reaching 77.83% as of January 2025. This trend highlights the growing shift of investor focus towards altcoins on the largest exchange by trading volume,” Burakkesmeci said.
Binance traders push altcoin trading volume
According to the expert, the altcoins trading volume is about 78% since the start of the year, representing an 11% jump in the last four months. With the development, analysts are confident that the altcoins market could witness a surge in the first quarter of 2025.
While Binance has been showing its numbers, Coinmarketcap is not witnessing the same fate. The platform’s altcoin season index is at 46%, suggesting that a Bitcoin season could be nearby. The index compares tokens in the top 100 by market cap via their 90-day performance.
Traders have often relied on the performance of Bitcoin to determine the altseason. Bitcoin dominance shows the share of the asset out of the total market cap, with a drop, meaning that the altcoin season is about to begin. TradingView data puts Bitcoin dominance around 57%, up by 2% over the past month.
Ethereum’s rise may trigger the altcoin market
According to analyst Mister Crypto, Ethereum could break its resistance of $4,000 in the coming days, noting that the asset could hit as high as $8,000. The growth may, in turn, trigger the entire market to rise. However, Ethereum is still around $3,279, a 15% drop over the last 30 days.
Conversations around Bitcoin have also been made, with most people believing it will have a wonderful 2025. Bitwise Invest CEO Hunter Horsley noted in a post on X that he is upbeat about the performance of digital assets this year.
However, CryptoQuant CEO Ki Young Ju believes we could witness an irregular pattern in the market as traders no longer move capital from Bitcoin into altcoins. He said the current altcoin market cap can rival Bitcoin’s, which has grown exponentially since 2021.