Altcoin Market Sees Massive Selling Volume Amid Active Trading Activity

The altcoin market has seen a massive $266 billion in net selling volume on centralized exchanges over the past year, excluding Ether's (ETH) performance. This is the largest reading since tracking began in 2020.

Altcoins accounted for 51% of Binance futures trading volume on June 16, compared to 28.85% for Bitcoin and 20.20% for Ether. This dominance in derivatives activity indicates capital rotation within crypto and alternative exchange products.

Crypto analyst IT Tech noted that the one-year cumulative buy-sell difference for altcoins, excluding Bitcoin (BTC) and Ether (ETH), dropped to -$266 billion on June 16. However, altcoin trading activity remains active despite outflows.

MorenoDV, a market analyst, observed that exchange stablecoin balances have changed little since December 2024, with roughly 40% to 46% of circulating stablecoins staying on exchanges for more than a year. Binance held between 25% and 30% of the total stablecoin supply.

The growth in metals, oil, equities, and pre-IPO contracts highlights how exchange users are increasingly allocating liquidity across a wider range of assets, with Binance holding the largest concentration of deployable stablecoin capital.