On July 22, CryptoQuant analyst Maartunn wrote that "the daily trading volume of Altcoins on the Binance futures platform surged to $100.7 billion, reaching the highest level since February 3, 2025. This marks a significant market recovery in heat as Bitcoin breaks through its historical high after five months of relatively low trading activity.
Although Bitcoin's trading volume remains stable, the activity of Altcoins has significantly increased. Currently, Altcoins account for 71% of the total contract trading volume on Binance, meaning that nearly three-quarters of the contract trading volume comes from Altcoins, not Bitcoin.
The surge in Altcoin trading volume typically indicates that retail investor funds are returning to the market, a situation that often occurs shortly after Bitcoin breaks through its historical peak."
