Altcoin Traders Hold Steady as Exchange Inflows Dip Below 30K in June 2025

According to recent data, although the prices of cryptocurrencies have been fluctuating dramatically, altcoin holders have not panicked and have not rushed to withdraw their tokens from exchanges.

Julio Moreno, the Head of Research at CryptoQuant, points out that they have seen “growing price volatility but not correspondingly growing inflows into exchanges.” This stagnation suggests that selling pressure is not particularly strong, despite trading near its all-time highs.

The 7-day cumulative transaction count of altcoin exchange inflows shows no significant surges in transfers to large exchanges, such as Binance, OKX, Coinbase, and Bybit. The total number of transactions is less than 30,000 as of June 2025, which is significantly lower than the periods of the last market booms.

The data indicates that most major altcoin holders are opting to hold rather than sell. Binance and Coinbase dominate inflow activity, while OKX and Bybit show only minor fluctuations. This behavior signals confidence in continued market stability, or at the very least, a reluctance to engage in widespread profit-taking.

Historical evidence suggests that every major altcoin surge into exchanges has been closely followed by local peaks in Bitcoin’s price. These rises have generally been the precursors of impending profit-taking and severe downturns in the broader crypto market. The lack of such activity currently suggests that the market has yet to reach a critical turning point.

CryptoQuant data further supports this view. Investors have yet to rotate capital out of altcoins at the magnitude that they have done at past tops, indicating that the bullish case could still be in control. The CoinMarketCap Altcoin Season Index (ASI) reads 26 out of 100 as well, with the market remaining in “Bitcoin season.” This index has remained steady over the past weeks, suggesting that investors’ demand for altcoins relative to Bitcoin has not changed significantly.

The altcoin market capitalization has seen a modest recovery, currently trading above $1.1 trillion. However, this rise has not triggered a proportional increase in exchange inflows or a notable uptick in the Index (ASI). This suggests that capital is not rotating broadly into altcoins yet, signaling a continued delay before a true “altcoin season” can begin.

In the first half of 2025, the U.S. Securities and Exchange Commission received over 30 altcoin ETF filings, signaling a wave of institutional interest. Companies such as VanEck, WisdomTree, and Franklin Templeton have applied to list ETFs that track assets like BNB, XRP, and Avalanche. Issuers such as REX-Osprey also proposed memecoins, such as Dogecoin and Trump’s token.

The surge in filings follows earlier approvals of spot Bitcoin and Ether ETFs, with analysts now projecting a 60% or greater approval chance for at least 10 altcoin ETFs. While ETF approval doesn’t guarantee price rallies, the momentum has renewed optimism for an approaching “altcoin summer.”