A strong altcoin season wind is blowing in the market. On July 22, the daily trading volume on the Binance Futures market reached approximately 140 billion won (10.7 billion dollars), recording its highest level since February. As Bitcoin (BTC) continues to set new highs in July, investor interest has shifted back to altcoins, igniting buying momentum.
Crypto Quant analyst Maartunn explained, "While Bitcoin's trading volume remains stable with little change, altcoin trading volume has surged dramatically." In fact, altcoins accounted for 71% of the total trading volume on the Binance Futures market that day, suggesting a clear pattern shift. This means investors are realizing profits from Bitcoin and concentrating their buying power on altcoins in pursuit of higher returns.
On-chain data shows that approximately 32,000 BTC (about 444.8 billion won) has recently flowed into exchanges, indicating the full-scale realization of profits. Strong volatility is seeing Bitcoin funds flowing out, with this capital rotating into altcoins.
Of particular interest is the movement of TRON (TRX). It is leading the upward trend by decoupling from Bitcoin earlier than other altcoins. This suggests the possibility of a fragmented mini-altseason centered on tokens with specific themes or strong communities. Funds are concentrating on some altcoins showing strong momentum, driving the overall market's altcoin enthusiasm.
This altcoin season, which is unfolding alongside Bitcoin's adjustment, is entering a phase where individual token selection becomes crucial, depending on performance, listing rumors, and thematic issues. External factors such as policy changes related to Trump or major exchange listing schedules are also expected to be key variables affecting future volatility.
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