Ethereum Price Prediction: ETH Perptual Futures Surpass Bitcoin for the First Time Since 2022, with Massive Funds Flowing in to Bet on the Alts Season

In recent weeks, as funds have flowed out of Bitcoin, Ethereum (ETH) has garnered strong attention, helping this largest market capitalization altcoin to pump by over 50% in just a month. According to data from Glassnode, the trading volume of Ethereum Perptual Futures has surpassed Bitcoin for the first time since 2022, creating the largest volume gap in ETH's history. The analysis platform stated that this shift "confirms that a significant amount of speculative capital is flooding into the altcoin market," signaling the arrival of altcoin season.

ETH Perptual Futures volume surpasses BTC: Funds flow into the alts market

Glassnode's data shows that Ethereum's Perptual Futures trading volume has surpassed Bitcoin for the first time since 2022, creating the largest trading volume gap in ETH's history. This change "confirms that a large amount of speculative capital is flooding into the alts market."

In addition, the open interest of Ethereum has surged to nearly 40%, reaching its highest level since April 2023. Historically, this ratio has only increased on about 5% of the days, indicating that traders are increasingly focusing on ETH rather than BTC. This has heightened the market's risk appetite, with funds continuously flowing into alts.

(Source: Glassnode)

Tron USDT volume surges: Stablecoin liquidity signals market volatility

On-chain indicators show a sharp increase in USDT liquidity on the Tron network, with one large crypto platform leading, accounting for about 62% of all USDT trading volume on Tron, with daily trading volume between 2.5 billion and 3 billion dollars. These massive stablecoin flows typically signal impending market volatility, especially regarding large institutional activities.

The focus on Tron and the liquidity of the stablecoins on that large crypto platform indicates that these two platforms remain the preferred infrastructure for high-frequency and large-volume trading, and funds may flow into the alts market.

(Source: CryptoQuant)

Ethereum Perptual Futures volume has surpassed Bitcoin for the first time since 2022, along with a significant influx of stablecoin funds into the Tron network, signaling the arrival of altcoin season. Investors should closely follow these on-chain indicators to seize potential opportunities in the altcoin market.

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