Altcoin selling hits $266B as capital rotates out

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.