BTC Exits Binance, Alt Market Cap Jumps

By: cryptosheadlines|2025/05/14 07:45:04
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Altcoins now account for 42.5% of the total cryptocurrency market capitalizationTotal market capitalization of altcoins reached $1.18 trillionA massive 35,000 BTC withdrawal from Binance took placeCrypto Rover shared two separate charts on X, both showing some interesting turns of events. The first one is something that everyone has been talking about lately – the altcoin season. It shows the Altcoin Season Index, which measures the performance of the top altcoins against Bitcoin over 90 days. This particular one is from Blockchaincenter.net, and it measures the 50 top-performing altcoins without including any stablecoins or asset-backed tokens. Regarding the Altcoin Season Index, an official altcoin season happens if 75% of the top 50 altcoins performed better than Bitcoin over the last 90 days. To put it simply, a score above 75 on the index signifies altcoin season, while a score below 25 indicates Bitcoin season.Interestingly enough, the Altcoin Season Index is below 25, suggesting a Bitcoin season, but the poster warns against being fooled by this. There might be some merit to that claim, considering that recently, altcoins have been having a great run. For instance, according to CoinMarketCap, altcoins now account for 42.5% of the total cryptocurrency market capitalization, up from 38.2% a week earlier, while Bitcoin’s market share has decreased to 54.3% during the same period.Additionally, the total market capitalization of altcoins has surged by 12.7% over the last seven days, reaching $1.18 trillion. Most of the major altcoins have seen huge price increases up to 40%, in addition to having a big boost in trading volumes. Namely, ETH recorded a 24-hour trading volume of $28.4 billion, which is 18% more than the previous day.Massive $3.5B Bitcoin Withdrawal From Binance: A Bullish Sign for Altcoins?This brings us to the second chart, which is more Bitcoin-related. Two days ago, a sharp negative spike in Bitcoin’s exchange netflow on Binance occurred, with approximately 35,000 BTC being withdrawn from the platform (approximate value was $3.5 billion at the time). This could suggest a potential shift in investor behavior, possibly indicating accumulation by large holders or institutions moving assets to cold storage. However, it can also coincide with the altcoin season, as whales withdrawing Bitcoin may be seen as them planning to diversify into altcoins.These withdrawals reduce BTC’s immediate exchange liquidity, potentially limiting downside while fueling altcoin pumps.Market Speculates on Altcoin Season Timing Despite Index LagNaturally, this is all speculation at the moment, and we’ll probably know better in the upcoming days and weeks. That said, a lot of crypto enthusiasts think the altcoin season is just around the corner, and there’s no denying most altcoins are doing rather well at the moment.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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