‘Largest’ volume skew for ETH confirms pivot to altcoins: Glassnode

Key Points

1. Ether (ETH) has seen the largest volume skew in its favor since 2022, with open interest dominance reaching nearly 40%, the highest since April 2023.

2. USDT transfers on the TRON network show a sharp increase, with daily volumes between $2.5 to $3 billion, suggesting liquidity may be entering the altcoin market.

3. BNB has outperformed Bitcoin, rising 7.4% in a week, with growing utility in the BNB Smart Chain ecosystem and a disclosed $105 million BNB treasury.

4. USDT reserves on exchanges have dropped from $45 billion in February 2025 to $36 billion, indicating capital redeployment into the market.

5. Analysts note that ETH's price reclaiming $3.8K and BNB's performance are strong signals of an emerging altcoin season.