Binance's Altcoin Trading Volume Rises to 60%, Bitcoin Only Accounts for 22%
By: rootdata|2026/08/04 05:40:00
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Prefer us on GoogleThe trading volume of altcoins on Binance has risen to 60%, while Bitcoin's share has dropped to 22%, and Ethereum accounts for 18%. This change marks a significant reversal compared to May, when Bitcoin's share was close to 40%. At the same time, the spot trading volume of Bitcoin on Binance and other major exchanges has fallen to extremely low levels, reflecting a continued lack of interest in Bitcoin from the market. Analysts point out that Bitcoin's price has seen little fluctuation over the past few weeks, leading investors into a "boredom phase." Some funds have shifted towards altcoins, as their pullback has far exceeded that of Bitcoin, with investors betting on their rebound potential and hoping to seek opportunities in a low-volatility market. However, this strategy carries high risks and may only yield returns for investors who can strategically manage their positions.
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