The trading Volume of altcoins on the Binance cryptocurrency exchange has reached 78%, which according to a cryptocurrency analyst, is a sign indicating a high likelihood of an altcoin Bull run in 2025.
According to a report on January 11 from CryptoQuant contributor Burakkesmeci, "with increasing retail investor interest, the altcoin market can continue to build strong momentum in the coming months". View the full report.
Confidence in an altcoin Bull run in 2025
Burakkesmeci said the trading Volume of altcoin pairs on Binance reached 77.83% in January 2025, up about 11% in the past five months.
"Sustained growth in altcoin trading Volume on Binance reinforces confidence in the potential for an altcoin Bull run in 2025," Burakkesmeci said.
Chart of the trading Volume of major assets on the Binance cryptocurrency exchange. Source: Burakkesmeci/CryptoQuant
Burakkesmeci said it is "clear" that interest in altcoins has steadily increased since May 2024, when the dominance of altcoins on Binance was only at 50.80%.
However, the Altcoin Season Index of CoinMarketCap — using the top 100 cryptocurrencies by market capitalization and comparing their price performance over 90 days — recorded a score of 46 out of 100, leaning more towards a "Bitcoin Season".
The Altcoin Season Index has dropped 18 points from the December 9 reading of 64 points. Score: CoinMarketCap
Traders often monitor the Bitcoin Dominance (BTC) — an index reflecting the percentage of Bitcoin in the total cryptocurrency market capitalization — to confirm that an altcoin season may be starting. At the time of publication, Bitcoin Dominance stood at 57.74%, up 2.41% in the past 30 days, according to data from TradingView recorded.
Traders watch for Ether price increase
Meanwhile, the anonymous cryptocurrency trader Mister Crypto wrote in a post on X on January 11 that Ether (ETH) could "rise from $4K to $8K" in the coming weeks.
Traders often see an increase in the price of Ether as a signal that the broader altcoin market may follow with a significant uptrend.
At the time of publication, Ether was trading at $3,279, down 15.77% in the past 30 days.
Bitwise Invest CEO Hunter Horsley commented in a post on X the same day that he is "very excited about the leaps and bounds that Bitcoin and cryptocurrencies will make this year".
Meanwhile, other analysts suggest this altcoin season may play out differently than previous cycles.
Ki Young Ju, market analyst and CEO of CryptoQuant, compared the current altcoin market capitalization to Bitcoin, which has more than doubled since 2021, and said, "Only a few altcoin projects with strong applications and narratives can survive".
Ju had previously warned that this market cycle will be different from previous cycles and said that altseason is no longer triggered by investors rotating from Bitcoin to altcoins.
