Recent data show that altcoin inflows to Binance have surged significantly, signaling increased interest and trading activity within the cryptocurrency market. This uptick may indicate that traders are preparing to act, though it may also suggest that selling pressures could rise.
Despite the positive inflow trend, the Altcoin Season Index remains low at 35, reflecting Bitcoin’s continued dominance. Analysts are divided; while some foresee possible altcoin breakouts, others express skepticism amid concerns of oversupply and liquidity in the market.
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