Is Binance Quietly Starting the Next Altseason? Here's What the Data Says

Altcoins on the rise? Binance sees big gains as exchange deposits drop 41%

This article explores the recent trends in altcoin performance on Binance, highlighting how new listings have significantly outperformed those on other exchanges. A notable decrease in the number of altcoins being deposited on Binance suggests a shift in market sentiment, potentially paving the way for a recovery in the altcoin sector. This analysis will appeal to both seasoned traders and newcomers seeking to understand the current market dynamics.

Key Takeaways

Newly listed altcoins on Binance Futures have outperformed those on other exchanges and in prior years.
The number of inflows to Binance decreased from 22,800 transactions to 13,500, indicating less selling pressure.
Binance's native token, BNB, is leading the altcoin market in 2025, suggesting that a market rebound may be on the horizon due to decreasing selling activity.

Binance’s New Listings Lead the Market

Altcoins Source: X

In recent months, altcoins introduced on Binance Futures have demonstrated stronger price growth compared to listings from previous years.

Source: X

Recent statistics indicate that new altcoin listings on Binance have greatly exceeded the performance of those on all other exchanges this year. This trend suggests a significant increase in Binance's influence over the altcoin market. Moreover, the reduction in deposit activity further strengthens this growing trend.

Decline in Altcoin Inflows

Altcoin deposits to Binance dropped significantly to around 13,500 transactions (based on a 7-day moving average), down from over 22,800 in previous weeks.

Source: CryptoQuant

This decrease indicates a slowdown in deposits at major exchanges, including Coinbase and OKX. For those new to cryptocurrencies, deposits to exchanges typically suggest plans to sell or realize profits. Therefore, the drop in inflows implies a reduction in selling pressure across the market. This pattern suggests that more investors are choosing to hold onto their altcoins, which can indicate a period of market stabilization or recovery.

Early Signs of Altseason as Bitcoin Dominance Remains High

Source: CoinGlass

At the time of reporting, the Altcoin Season Index was at 45, indicating that the market has not yet fully entered an altseason.

Source: TradingView

Meanwhile, Bitcoin's dominance (BTC.D) remains elevated at approximately 59%, suggesting that traders still prefer Bitcoin over altcoins. Despite strong performance from Binance's new listings and a decrease in selling pressure, it's important to note that altcoins are only beginning to gain momentum. With Bitcoin holding a strong position, these conditions indicate an early-stage market shift. As altcoins begin to strengthen, a full-blown altcoin cycle has yet to materialize.