Altcoin Spot Volume Surges to 4x Bitcoin Amid Market Caution

Altcoin spot trading volume has reached four times that of Bitcoin, marking a yearly high. While this reflects strong market appetite, analysts warn that such surges have historically preceded Bitcoin local tops and pullbacks. Altcoins currently account for 41% of the futures market's open interest, a level not seen since December 2024. Although the altcoin market cap rose 20% to 1.2 trillion dollars since mid-September, CryptoQuant data indicates a spike in exchange inflows, suggesting increased selling pressure that may challenge the sustainability of the current altcoin momentum.