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The cryptocurrency market excluding Bitcoin (TOTAL2) has surged past $1.5 trillion for the first time since January 2025, signaling potential for a historic altcoin season. This resistance level breakthrough comes as capital increasingly rotates from Bitcoin to alternative cryptocurrencies, with analysts predicting the market could eventually reach $5 trillion.
Centralized exchanges recorded 【$1.7 billion】 in stablecoin deposits this week, with Binance and HTX leading the influx. The movement suggests growing institutional interest in altcoin positions. Tether's recent minting activity further supports this trend, indicating rising demand for crypto market exposure.
——This liquidity wave represents dry powder waiting to enter the altcoin markets—— noted one industry analyst. Exchange balances now hold over $31 billion in stablecoins, creating substantial buying pressure potential.
As Bitcoin's spot trading volume dominance drops to 8-week lows, whale deposits to exchanges have decreased by 【$2.25 billion】. This reduction in sell pressure allows more capital to flow into altcoins. Binance currently processes 55% of global crypto volume, exceeding $8 billion daily.
Market observers highlight that the current altcoin cycle remains in its early phases. The TOTAL3 index (excluding Bitcoin and Ethereum) sits at $1 trillion, with projections suggesting 400% upside potential. Historical patterns indicate the most explosive gains typically occur in the final parabolic phase.
【Chart analysis】 shows the 30-day Altseason Index crossed the 75 threshold, while the 60-day metric remains subdued. This divergence suggests the current rally may have significant room for expansion as more altcoins begin outperforming Bitcoin.
Traders are monitoring several critical levels: - Monthly close above $1.51 trillion would set a record high for TOTAL2 - Stablecoin inflow patterns at major exchanges - Bitcoin dominance trends continuing below 40% - Development of parabolic price structures in mid-cap altcoins
The convergence of these factors creates what analysts describe as a "perfect storm" for altcoin appreciation. However, market participants caution that disciplined entry strategies remain crucial given cryptocurrency volatility.