On September 30, CryptoQuant analyst maartunn shared that the CEX altcoin Trading Volume ratio reached an all-time high: 82.3%. The accompanying image shows the ratio of altcoins to Bitcoin in CEX futures Trading Volume. Never before has altcoin trading activity been so dominant. Altcoins like XPL, ASTR, SOL, and PUMP are attracting significant follow. Traders are clearly more inclined to trade alts rather than Bitcoin futures. This indicates that traders expect to gain more advantages or profits from altcoin trading. This is reasonable, as Aster rose 250% last week. It is worth mentioning that even during the 2021 bull run, the altcoin ratio did not reach this level. In May 2021, the highest altcoin Trading Volume ratio only reached 76%, during the alt season.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Trading Volume share of alts on CEX platforms has reached an all-time high of 82.3%.
On September 30, CryptoQuant analyst maartunn shared that the CEX altcoin Trading Volume ratio reached an all-time high: 82.3%. The accompanying image shows the ratio of altcoins to Bitcoin in CEX futures Trading Volume. Never before has altcoin trading activity been so dominant. Altcoins like XPL, ASTR, SOL, and PUMP are attracting significant follow. Traders are clearly more inclined to trade alts rather than Bitcoin futures. This indicates that traders expect to gain more advantages or profits from altcoin trading. This is reasonable, as Aster rose 250% last week. It is worth mentioning that even during the 2021 bull run, the altcoin ratio did not reach this level. In May 2021, the highest altcoin Trading Volume ratio only reached 76%, during the alt season.