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Key insights:
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USDT and USDC reserves on Binance reached an unprecedented $31 billion in June 2025.
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One analyst perceives the accumulation of reserves as a “forming liquidity surge,” with traders anticipating clear altcoin trading prospects.
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In the last 90 days, Bitcoin’s dominance has consistently decreased, indicating a potential pivot towards altcoins.
Crypto expert Timo Oinonen suggests that a long-anticipated altseason might be approaching, emphasizing a substantial accumulation of stablecoin reserves on Binance as a crucial trigger. Oinonen mentioned that Binance’s USDT and USDC holdings reached a historic $31 billion in June 2025, indicating that this could be sidelined capital poised to shift into altcoins.
Oinonen clarified in a post on CryptoQuant that a significant stablecoin reserve on Binance indicates “a forming liquidity surge” as investors tend to hold low-volatility assets like USDT and USDC until clear opportunities manifest.
Between 2023 and late 2024, Bitcoin (BTC) and stablecoin reserves on Binance were tightly linked, but since the start of 2025, that correlation has shifted. While BTC continues to be withdrawn, stablecoins are surging into Binance wallets, reflecting deployable capital.
Now that the global stablecoin market cap exceeds $254 billion, with USDT at $159 billion and USDC at $62 billion, liquidity influx is evident. Oinonen posits that the altcoin market could experience explosive growth as this “dry powder” gets allocated.
In a similar vein, Alpharactal CEO João Wedson also pointed out that the Altcoin Season Index is signaling opportunities. With Bitcoin surpassing altcoins in performance over recent months, Wedson believes it may be the perfect time to accumulate other tokens at a lower cost relative to BTC.
Related: Crypto fundraising jumps to $10B in Q2, the highest since early 2022
Bitcoin dominance declines as TOTAL2 approaches breakout pattern
As Bitcoin stabilizes near recent peaks, an increasing reserve imbalance on Binance and a drop in BTC dominance imply that altcoins might soon regain their energy. During the past 90 days, Bitcoin Dominance has slowly diminished, suggesting that capital could be shifting away from BTC. However, this transition hasn’t yet fully reflected in the broader altcoin market.
The TOTAL2 chart, which represents the total market capitalization of all cryptocurrencies excluding Bitcoin, remains below a critical resistance level at $1.25 trillion. Despite several attempts in May and June, the chart could not confirm a bullish structural break on the daily timeframe, forming a series of higher lows instead.
Nonetheless, current price movements are starting to form a possible cup-and-handle pattern—a bullish continuation formation. If confirmed, the pattern carries an immediate upside target of $1.55 trillion, potentially materializing over Q3 to Q4.
While a definitive altseason has yet to present itself, numerous indicators are aligning. Bitcoin dominance is weakening, Binance stablecoin reserves have surged to unprecedented levels, and market structure is coiling beneath substantial resistance. These factors could swiftly transition into a broader altcoin surge with the right triggers.
Related: Truth Social submits S-1 for ‘Crypto Blue Chip ETF,’ which tracks leading assets
This article does not provide investment advice or recommendations. Every investment and trading action carries risk, and readers should perform their own research before making decisions.
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