Ethereum News Today: Ethereum Futures Volume Dominance Sparks 50% Altcoin Surge as BNB Gains 7.4% in a Week

Blockchain analytics firm Glassnode has identified a significant shift in speculative capital toward altcoins, driven by Ethereum’s unprecedented dominance in futures trading volume. Data reveals Ether (ETH) surpassed Bitcoin (BTC) in perpetual futures volume dominance for the first time since 2022, marking the “largest volume skew” for ETH in its history. This trend coincides with ETH’s 50% price surge in a month and a 40% open interest dominance level—the highest since April 2023. Such levels occur in just 5% of historical days, suggesting a structural reallocation of capital toward riskier assets [1].

The pivot to altcoins is further underscored by surging on-chain activity. Tron-based stablecoin transfers, particularly USDT, have spiked, with Binance facilitating 62% of these movements. Daily volumes between $2.5–3 billion indicate liquidity is being funneled into altcoin ecosystems. Analysts note such patterns often precede periods of heightened volatility, especially when tied to institutional positioning. The Tron network and Binance platforms have become critical infrastructure for high-frequency trading, potentially channeling liquidity into smaller-cap assets [1].

Binance’s native token BNB (BNB) has outperformed Bitcoin, rising 7.4% in the past week. Institutional adoption is evident as Nasdaq-listed Nano Labs recently allocated a $105 million BNB treasury, signaling growing confidence in altcoin ecosystems. Meanwhile, Binance’s stablecoin reserves have declined from a February 2025 peak of $45 billion to $36 billion, reflecting capital redeployment into riskier assets. This divergence between falling reserves and rising BNB prices highlights renewed risk appetite and buying pressure in the sector [1].

The broader market dynamics suggest a cyclical shift toward altcoins. As Ethereum’s price reclaims $3,800 and BNB gains momentum, traders are increasingly favoring altcoins over Bitcoin. This trend aligns with historical patterns where market cycles see capital flow into smaller-cap assets ahead of broader corrections. However, the rapid influx of speculative capital raises concerns about volatility, particularly as stablecoin flows become more entangled with altcoin trading activity.

Glassnode’s analysis emphasizes that these trends confirm a “meaningful rotation” toward altcoins. The concentration of stablecoin liquidity on Tron and Binance platforms reinforces the idea that these networks remain pivotal for high-volume trading. While Ethereum’s price trajectory and BNB’s relative strength offer short-term optimism, analysts caution that market sentiment remains speculative, with no guarantees of sustained bullish momentum [1].

Source: [1] [‘Largest’ volume skew for ETH confirms pivot to altcoins](https://cointelegraph.com/news/largest-volume-skew-for-eth-confirms-pivot-to-altcoins-glassnode)