#Binance Crypto: The warning signs of an Altcoin season

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The crypto sphere is evolving, and each new season brings its share of surprises and opportunities. Recently, warning signs suggest that we may be on the cusp of a new altcoin season. Are the indicators favorable? Answers in this article.A rise in Bitcoin: Precursor of an altcoin season?

$BTC could soon come out of its torpor. At the start of the week, its price hovered around $67,700. The lack of trading volume and speculative interest suggested that the flagship crypto was not ready for a strong uptrend. However, the situation has started to change over the past 24 hours.

According to data from Farside Investors, Bitcoin ETFs saw an inflow of $886 million on Tuesday, June 4.

This massive buying level could trigger a major shift and spur speculators and investors into action.

An influx of funds into Bitcoin ETFs may be a harbinger of renewed interest in cryptocurrencies in general. Indeed, altcoins could well benefit from it.

An analysis of crypto transaction volumes

The recent influx into ETFs $BTC

could be interpreted as a wake-up call for the crypto market.