Altcoin Trading Volume Share on Binance Surges to 60% While Bitcoin Drops to 22%

Binance altcoin volume share hits 60% as Bitcoin falls to 22%, marking a shift from May's 40% BTC dominance and reflecting low spot activity comparable to late 2023 bear market levels.

Woofun AI data shows that altcoin trading volume share on Binance has reached 60%, while Bitcoin accounts for 22% and Ethereum for 18%. This represents a significant shift from May, when Bitcoin’s share was near 40%. Spot trading volume for Bitcoin on Binance and other major exchanges has declined to levels comparable to the end of the 2023 bear market. Analyst Darkfost noted that Bitcoin’s price has remained stagnant for weeks, prompting some capital rotation into altcoins due to deeper prior corrections and opportunities in a low-volatility environment. He warned that this strategy carries high risk and may only benefit investors capable of strategic position management.