Altcoin Season is Making a Comeback as Binance Altcoin Volume Share Hits ATH

The altcoin market is soaring back into the spotlight as Binance Altcoin Volume Share has just hit an all-time high of 82.3%, according to on-chain analyst maartunn.

This metric, which tracks the percentage of futures trading volume on Binance contributed by altcoins versus Bitcoin, shows that never before have altcoins commanded such dominance.

Tokens like XPL, ASTR, SOL, and PUMP are fueling this surge, with Astar (ASTR) alone rallying over 250% in the past week.

The data suggests traders are increasingly drawn to altcoins, seeing them as offering higher potential gains compared to Bitcoin futures.

Analyst Darkfost a notable comeback in spot buying activity on Binance. Historically, Binance’s market has been dominated by derivatives trading, but periods of strong spot activity often mark pivotal shifts in market structure.

Unlike futures speculation, spot buying reflects real ownership, indicating that new capital is entering the market rather than recycled leverage.

Darkfost explained that these phases tend to build strong foundations for medium-term bullish recoveries.

Recent spot volume maps revealed major activity in BNB, which just hit a new all-time high, as well as Alpine (the F1 fan token) and PUMP, which has emerged as a retail favorite.

The TOTAL3 chart (crypto market cap excluding BTC and ETH) shows that the altcoin market cap currently stands near $1.08 trillion, consolidating after a strong multi-month rally.

Bollinger Bands are tightening, signaling that a major move could be on the horizon. A breakout above the $1.16 trillion resistance (aligned with the 1.618 Fibonacci extension) could ignite a run toward $1.25 trillion and eventually $1.35 trillion.

This would likely coincide with accelerating capital rotation from Bitcoin into altcoins, further validating the current surge in Binance altcoin dominance.

However, if TOTAL3 breaks down below $1.04 trillion, altcoins could face a retracement toward $920 billion. In this case, capital would likely flow back into Bitcoin as a safe haven, stalling the altcoin season narrative.