Key takeaways
Altcoin liquidations have overtaken Bitcoin on Binance in 2025. While signs point to an incoming altseason, key indicators show the market is still in transition and awaiting full confirmation.
Speculative trading is heating up!
Altcoins have officially overtaken Bitcoin [BTC] in total liquidations on Binance [BNB] in 2025. With many traders betting that altseason will kick off in August, leverage is piling into volatile tokens.
Even Ethereum [ETH] whales are making hasty exits — one dumped stETH at a $50,000 loss amid a $3.96 billion unstaking queue.
Altcoin liquidations now surpass Bitcoin on Binance
In a sharp shift from 2024, altcoins are now seeing more liquidations than Bitcoin on Binance.
Source: CryptoQuant
A recent CryptoQuant report showed that since early 2025, the cumulative liquidation delta has flipped in favor of altcoins.
The trend accelerated in July. Both long and short positions are getting wiped out, so traders are overleveraging in hopes of catching big moves.
Source: CryptoQuant
As liquidations rise, so does market activity. Binance, being the largest crypto exchange, has a big role to play in the altcoin speculation wave.
Simply put, altcoins have become the main playground for traders chasing the next big rally.
The signs are building, but caution remains
Several indicators suggest that altseason could be brewing in August 2025, but it’s not a done deal yet.
The altcoins market cap has broken out of a downtrend for the third time in two years, with past breakouts historically leading to 150x and 175x rallies.
Source: X
The latest breakout hints at a potential 200x move, showing optimism and bullish sentiment across altcoins.
Meanwhile, CoinGlass’ Altcoin Season Index stood at 53 at press time. This is above the neutral 50 mark, but not yet in full-blown altseason territory (typically considered above 75).
Altcoins are beginning to outperform Bitcoin, but the trend needs confirmation.
Source: CoinGlass
Reinforcing this is Bitcoin’s dominance chart, which continues to fall, now sitting at 59.49%.
Source: TradingView
The market remains in transition. A confirmed altseason may require a continued drop in BTC dominance and a sharper surge in retail-driven altcoin inflows.
