Binance Stablecoin Balance Surpasses $31 Billion… Analysis of “Alt Season Countdown”

As of June, the stablecoin balance deposited on Binance has reached a record high of $31 billion (approximately 43.9 trillion won), leading to market speculation that these funds may flow into the altcoin market. Cryptocurrency market analyst Timo Oinonen described this as a "prelude to liquidity explosion," noting that investors are currently staying in low-volatility assets like Tether (USDT) and USD Coin (USDC) while waiting for a clear altcoin buying signal. Oinonen explained in a recent CryptoQuant article that the stablecoin volume on Binance is a key indicator of future market liquidity, with these funds currently waiting without a specific timing. This suggests that investors are maintaining a risk-averse stance while watching for market opportunities, which could potentially lead to the opening of an 'altcoin season'. In fact, Bitcoin's (BTC) market share has been steadily declining over the past 90 days, indicating that investors are gradually shifting their focus from Bitcoin-centric strategies to various altcoin options. The more inflated the stablecoin reserves, the higher the possibility of a sudden surge in buying pressure. Market participants are ready to inject liquidity at any moment, meaning the market direction could change dramatically with a small catalyst. Experts are paying close attention to this liquidity waiting phase. They suggest that external factors such as Bitcoin ETF release or pro-cryptocurrency policy statements could potentially trigger the stablecoin funds to flow into the altcoin market.