On other major platforms the figure is about $18.8 billion. For comparison: at the highs in October and February 2025, the value of Binance reached $40-50 billion, and other platforms – from $63 billion to $91 billion, writes forklog.com.
According to the expert, previous bursts of activity coincided with the formation of local cycle peaks – classic FOMO phases, when well-prepared investors used the frenzied demand as a liquidity outlet.
Binance’s share of total altcoin trading volume is estimated at around 40%. Nearly one in every two dollars invested in coins goes through this exchange. However, the dominance of the exchange has increased not due to the expansion of the market, but due to its general contraction and capital outflow from alternative platforms.
The current environment remains unfavorable for high-risk assets, largely due to the pressure of geopolitical tensions on traders’ sentiment.
At that, historically the most attractive opportunities for entry are formed exactly in the periods of minimal interest and apathy of the majority of investors, summarized the analyst.
What is happening on the market?
Over the past 24 hours, the price of bitcoin rose by 1.5% after falling below $70,000. But then went down again. At the time of writing the first cryptocurrency is trading around $69,980.
Ethereum’s exchange rate is almost unchanged – the coin remains near the $2140 mark. Other altcoins from the top 10 coins by capitalization also did not show any pronounced dynamics.
CryptoQuant analyst under the nickname Crypto Dan suggested that the market has reached the bottom. He pointed to the realized price and profit/loss metrics as arguments. According to the expert, digital gold is now just above levels typical of the lows of past cycles.
“The mood in the market is clear: most are already gone, interest has faded. It’s a classic bear market. But now is not the time to put your hands down. It’s time to prepare for the next phase of growth,” he wrote.
Glassnode analysts have already recorded the first signs of the beginning of the bullish phase. According to them, the bitcoin rate has returned and will enter a relatively “open” zone between $72,000 and $82,000, where resistance is minimal.
If the current momentum continues, in the short term, the first cryptocurrency will be able to move more freely within the named range, experts believe.
However, they called the return of the market to profitability a more reliable signal. The share of bitcoins “in the plus” rose to 60% – a level characteristic of the initial stages of recovery.
“A sustained rise above 75% would be a much stronger confirmation of early bullish conditions, while continued pullbacks from current levels would reinforce the narrative of recovery within a bear market,” Glassnode noted.
Prospects for growth are there
A key test for the market is the ability to “digest” the current selling pressure. As bitcoin climbed above $74,000, short-term holders began aggressively locking in profits, selling $18.4 million worth of assets per hour.
Such behavior was already observed during previous unsuccessful rallies: investors sold on the growth, extinguishing the upward momentum.
If bitcoin holds support above $70,000, the chances of moving into the $78,000-82,000 corridor will increase, analysts emphasized.
Meanwhile, sales by long-term holders have slowed down, VanEck pointed out. Specialists called the dynamics a “potentially constructive signal” for the market. According to them, selling pressure among miners also remains stable, despite falling profitability.
