Recently, the trading volume of altcoins has dropped from a peak of over $100 billion to about $26.5 billion, showing a rapid decline in activity. 💨
In this process, Binance contributed $7.7 billion in trading volume, while other exchanges combined only accounted for $18.8 billion, indicating a clear weakness in the overall market.
📊 Binance's share has increased; do you remember the past trading carnival?
Now#币安 has already captured nearly 40% of the market share, and as overall trading enthusiasm declines, this percentage may continue to rise.
Looking back at the early peaks in February and October 2025, Binance's trading volume soared to $40-50 billion, with other platforms reaching as high as $91 billion; it was truly a trading frenzy back then! 🔥
But now everyone is starting to be cautious; trading volume and participation are declining, indicating a decrease in risk appetite.
💀 Altcoins have entered the 'surrender zone', Bitcoin is strong
Nearly 38%~40% of altcoin prices are close to historical lows, as the market seems to have been pushed into the 'surrender-style decline' zone.
In contrast,#BTC shows resilience, indicating that funds are flowing from high-risk assets to safe-haven assets.
This means:#山寨币 Insufficient liquidity, declining demand, and prices may continue to come under pressure.
The good news is that this extreme state also means that the selling pressure may be close to its peak.💡
Market participants tend to preserve value, hesitant to act recklessly; a slight stabilization may lead to new opportunities.
⚖️ Derivatives are active, the market is marginalized
The price ratio of short-term BTC holders (SOPR) is around 0.98, indicating realized losses of about 12%; market pressure is high but hasn’t collapsed yet.
The liquidation size is $234 million, long positions are $127 million, and forced exits are limited.
However, the Binance futures/spot ratio has risen to a year-and-a-half high, indicating that the popularity of derivatives surpasses that of spot, and the market structure is a bit fragile—either stabilize or face a new round of volatility.⚡
Summary
Overall, the current altcoin market is like a 'sleeping volcano' 🌋, with funds retreating but not yet completely gone; once liquidity is restored, investors may seize the opportunity to buy at low prices.#特朗普考虑结束伊朗冲突
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