
Altcoin spot demand fell to its weakest level in six years, with $266 billion in net selling volume on centralized exchanges since 2020. Altcoins accounted for 51% of Binance futures trading volume on June 16, while capital rotated into stablecoins, stocks, and AI. The divergence suggests capital recycling within crypto rather than fresh spot inflows.
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Summary by ByteBrief
Bitcoin near $63K but data signals more pain