[Binance Platform's Altcoin Trading Volume Rises to 60%, BTC Drops to 22%] BlockBeats News, August 3: Currently, the spot trading volume of Bitcoin on Binance and other major trading platforms has dropped to relatively low levels, nearing the levels seen at the end of the 2023 bear market phase, indicating a decline in market attention toward BTC. Data shows that during May, Bitcoin dominated trading volume on Binance, accounting for nearly 40%, while Ethereum and altcoin trading volumes were relatively low. Now, the market trading structure has shifted, with altcoin trading volume surpassing 60%, Bitcoin's share dropping to 22%, and Ethereum's share around 18%. Darkfost stated that Bitcoin's price has seen limited fluctuations for weeks, and the market is entering a "boring phase," prompting some investors to turn to altcoins in an attempt to capture trading opportunities in the current low-volatility environment. Analysts suggest that since most altcoins previously experienced larger corrections compared to Bitcoin, some investors are betting that altcoins might outperform BTC in the future. However, this strategy carries high risks, requiring investors to exercise cautious position management. [Original Link]