Альткоины завоевывают рынок: их доля на Binance достигла рекордна в 60% Translation: Altcoins Take Over the Market: Their Share on Binance Reaches Record 60%

The trading activity on Binance has shifted towards altcoins, which now account for 60% of the total volume on the largest cryptocurrency exchange. This observation was made by CryptoQuant analyst known as maartunn.

According to him, this current level is the highest since the beginning of 2025.

The combined market share of Bitcoin and Ethereum stands at approximately 20%. Historically, such a ratio has indicated increased speculative activity in the market, the expert noted.

*“Both the leading cryptocurrency and many altcoins are showing significant volatility. This may indicate that traders are either capitalizing on fluctuations for short-term trades or betting on the growth of specific coins,”* maartunn concluded.

Another analyst under the pseudonym Darkfost mentioned that amid ongoing corrections, certain altcoins have dropped to levels reminiscent of the last bear market. However, they are *“performing better than Bitcoin.”*

Many mid-cap and small-cap coins demonstrated less decline compared to the original cryptocurrency.

At the time of writing, the market capitalization of digital gold is $1.6 trillion, while the total market cap of all other assets combined is $1.3 trillion. The overall figure has decreased by 8.2% over 24 hours, falling below the $3 trillion mark.

In the past 24 hours, the most significant losses were suffered by Ethereum, Solana, and Dogecoin, whose prices dropped by 9.5%, 10.5%, and 10.4%, respectively. Bitcoin’s price fell by 8.9% during the same period.

However, weekly performance showed that many coins fared better than digital gold. For example, TRON lost 5.4% in the last seven days, while Bitcoin decreased by 13.7%.

Anonymous cryptocurrencies also displayed notable performance, moving against the overall market trend for several weeks. For instance, the price of Zcash surged by 30% over the past 30 days.

At the time of writing, the price of ZEC is $654 (-2.3% over 24 hours).

On November 21, the price of digital gold *fell* to $82,000—its lowest point since April. As of the current moment, the asset is trading at approximately $82,200.

Analysts at Glassnode noted that Bitcoin has breached the average price level for active investors. The next target is set at $81,900.

The leading cryptocurrency has reached its highest oversold level in more than two years.

CryptoQuant CEO Kim Young-Ju *stressed* that from a technical standpoint, the bullish phase ended earlier this year when Bitcoin exceeded $100,000. To establish a cyclical bottom, the cryptocurrency needs to return to the realized price around $56,000.

*“However, considering that players like Strategy are unlikely to start selling their assets, and their coins are essentially withdrawn from the market, I doubt we will see Bitcoin at $56,000,”* he added.

He further stated that the bullish market is *not yet finished.* This is indicated only by certain on-chain indicators. Macroeconomic conditions could shift the trend at any moment, as has happened earlier this year.

Kye *believes* that, given current price trends, Bitcoin is unlikely to show a solid recovery in the next 3-6 months. For a new growth phase, the cryptocurrency needs to restore liquidity in the market.

Previously, analysts at Wintermute *highlighted* the importance of this factor, pointing out that an increase in inflows to ETFs and purchases by cryptocurrency treasuries are necessary for a resumption of upward dynamics. Similar views are *held* by specialists at The Kobeissi Letter.

Let us remind you that Glassnode experts have *identified* the confirmation level for the bear market phase.

Earlier, they *stated* that for the bulls, it is essential to return the price of the leading cryptocurrency as soon as possible to a level where 75% of coins will be in profit—this has historically halted the trend reversal.