INSUBCONTINENT EXCLUSIVE:
Key takeaways:The TOTAL2 market cap (excluding BTC) has hit $1.5 trillion for the first time since January.Exchanges received over $1.7
billion in stablecoin inflows this week, and analysts think the positioning is toward altcoins.TOTAL3 (excluding BTC and ETH market cap)
increases remain in an early stage, with analysts eyeing a parabolic rally to $5 trillion
Capital rotation from Bitcoin (BTC) to altcoins continues with TOTAL2, the total market capitalization of the crypto sector, excluding BTC,
tagging $1.5 trillion on Friday
This level is the higher time frame resistance, which was last tested in January 2025
While the markets could stall at this range, the long-term trajectory remains prime for a breakout above $1.5 trillion, eyeing an all-time
high market cap of $1.72 trillion
USDC balances reached a new high of $31 billion in June 2025, underlining sidelined capital
This wave of liquidity has continued to flow as centralized exchanges like Binance and HTX recorded sharp spikes in stablecoin inflows,
receiving $895 million and $819 million this week
This shift reflects continued interest in Bitcoin and a potentially deeper accumulation phase for high-beta altcoins.Stablecoin Netflows
Source: CryptoQuantOn Wednesday, over $2 billion worth of stablecoins, primarily USDT, were deposited into major derivatives platforms,
suggesting a significant uptick in leverage appetite among sophisticated traders
dominated more than 55% of global trading volume, over $8 billion daily, whale BTC deposits have dropped by $2.25 billion, suggesting
reduced sell pressure for Bitcoin, freeing up room for capital to rotate into the altcoin market.Binance spot volume dominance over BTC
Source: CryptoQuantWhile Bitcoin remains the liquidity anchor, the data points to a growing undercurrent among institutions and high-volume
whyAltseason still in early stages as TOTAL3 eyes $5 trillionThe broader altcoin sector (TOTAL 3), excluding the market capitalization of
Ether and BTC, remains in the early stages of what many analysts believe could be a historic altseason
Currently valued at roughly $1 trillion, one market commentator suggested the total altcoin market cap could climb as high as $5 trillion
this cycle, a 400% upside.Anonymous crypto analyst Mags noted that altcoin cycles tend to unfold in distinct phases: beginning with a
breakout from prolonged consolidation, then gradually trending higher
The most explosive gains, however, usually occur in the final phase, a steep vertical rally compressed into just a few monthly candles
This last leg has historically produced the most significant returns in the shortest span, catching latecomers off guard.TOTAL3 market cap
Source: XSupporting the early-stage narrative, the Altseason Index highlights that while the 30-day indicator has recently crossed the 75
threshold, signaling early capital rotation into altcoins, the 60-day index remains subdued
This suggests that relatively few altcoins have outperformed Bitcoin over a sustained period.With sentiment building and capital flowing,
analysts caution that while upside potential remains significant, disciplined execution and timing could be key to capturing the full extent
of the move.Altcoin Season Index vs Bitcoin over 60 days
investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
