Altcoin selling tops $266B as capital rotates out of crypto: Is altseason extinct?

Altcoin spot demand fell to its weakest level in six years while the stablecoin market cap, stocks and AI industry continued to capture investors’ attention.

Altcoin markets (excluding Ether (ETH)) recently saw $266 billion in net selling volume on centralized exchanges, the deepest reading since the metric began tracking spot demand in 2020.

Altcoins accounted for 51% of Binance futures trading volume on June 16, compared with 28.85% for Bitcoin and 20.20% for Ether, positioning the exchange as a leader in derivatives activity in 2026.

The divergence between record selling and dominant trading activity points to capital rotating within crypto and also into alternative exchange products.

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