Massive altcoin outflows from Binance could indicate investor accumulation and early signs of an upcoming altcoin season.
The Altcoin Season Index is currently low, but many altcoins are leaving Binance, suggesting silent accumulation by investors.
Notable altcoins like ENJ, SLP, FET, AMP, ETH, CRV, MKR, and LINK are being withdrawn from Binance, indicating a shift towards holding rather than selling.
On-chain analysts suggest that recent capitulation may mark the beginning of a potential altcoin season, with Ethereum and Solana showing early signs of rallying.