As of today, Bitcoin dominance has been steadily declining, suggesting a potential shift towards altcoins. According to crypto analyst Timo Oinonen, a long-awaited altseason may be on the horizon, with a massive build-up of stablecoin reserves on Binance as a key catalyst. (Source: CryptoQuant, July 9, 2025)
Binance's USDT and USDC balances hit a record $31 billion on July 9, 2025, indicating a potential "liquidity explosion" as investors hold low-volatile assets before clear opportunities arise. The global stablecoin market cap exceeds $254 billion, led by USDT at $159 billion and USDC at $62 billion. (Source: CryptoQuant, July 9, 2025)
The TOTAL2 chart, representing the total market cap of all cryptocurrencies excluding Bitcoin, remains below a key resistance level at $1.25 trillion. However, current price action is beginning to shape a potential cup-and-handle pattern, with an immediate upside target of $1.55 trillion if confirmed, potentially playing out over Q3 to Q4. (Source: CryptoQuant, July 9, 2025)