Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead

January 12, 2025 Coin Telegraph

A crypto analyst says the rising altcoin trading volumes on Binance signals “confidence in the potential for an altcoin bull market in 2025.”

Altcoin trading volume dominance on crypto exchange Binance has hit 78%, a level that a crypto analyst says points to strong potential for an altcoin bull market in 2025.

“With retail interest gaining traction, the altcoin market could continue to build strong momentum in the coming months,” CryptoQuant contributor Burakkesmeci said in a Jan. 11 markets report.

Burakkesmeci said that Binance’s altcoin trading volume by pairs reached 77.83% in January 2025, an increase of approximately 11% over the past five months.

Pastor Lorenzo Sewell Launches His Own Meme Coin

Bitcoin ’seller pressure’ pushes Coinbase premium index to 12-month low

January 2, 2025 Coin Telegraph

Burakkesmeci

A crypto analyst says the rise in the Coinbase Premium Index is due to “increasing seller pressure” in the US market, reaching levels not seen since January 2024.

The Coinbase premium index — a metric used to gauge Bitcoin retail demand in the United States — fell to its lowest level in 12 months as 2024 drew to a close, with an analyst warning it could pose a challenge to short-term price recovery.

“The increasing seller pressure in the US market has significantly impacted the Coinbase Premium Index, dragging it to new lows,” CryptoQuant contributor Burakkesmeci said in a Dec. 31 analyst note.

The Coinbase premium can be used as a way to gauge Bitcoin (BTC) demand from US retail investors. A rising value indicates more buying pressure and a negative value hints at selling pressure.

Pastor Lorenzo Sewell Launches His Own Meme Coin

ETH held in accumulation wallets jumps 65% since the start of 2024

October 20, 2024 Coin Telegraph

Accumulation addresses

A crypto analyst highlighted a 65% increase in Ethereum held in accumulation wallets since the start of 2024, arguing that it's no longer just for "tech enthusiasts."

Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst.

“By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million,” CryptoQuant contributor Burakkesmeci wrote in an Oct. 20 analyst note.

At the time of publication, with Ether (ETH) trading at $2,645, this amounts to approximately $50.2 billion locked in accumulation addresses — addresses of long-term investors with no prior withdrawals.

Burakkesmeci