$5 trillion altcoin season pending as TOTAL2 market cap hits $1.5T

Key Points

1. The TOTAL2 market cap (excluding BTC) has hit $1.5 trillion, nearing its all-time high of $1.72 trillion, with potential for a breakout if it closes above $1.51 trillion.

2. Stablecoin inflows into exchanges like Binance and HTX have surged, with $895 million and $819 million recorded this week, indicating increased liquidity and interest in altcoins.

3. Tether Treasury's fresh mints and Binance's dominance in trading volume (over 55% globally) highlight strong market activity, though whale BTC deposits have dropped by $2.25 billion.

4. The broader altcoin market (excluding Ethereum) is in early stages of growth, with the TOTAL3 market cap forecasted to reach $5 trillion, a 400% upside from current levels.

5. The Altseason Index suggests that relatively few altcoins have outperformed Bitcoin recently, indicating potential for further gains as sentiment and capital flow build.