- Binance Alpha 2.0’s daily volume hit $10.2B in October, showing rapid retail growth and expanding token liquidity.
- Bitcoin liquidity dropped to a seven-year low as long-term holders accumulated over 373,000 BTC in one month.
- Retail traders drove Binance Alpha 2.0’s surge, while Bitcoin’s tightening supply hinted at a stable but bullish setup.
Binance Alpha 2.0 is emerging as a powerhouse in crypto trading, recording a major spike in daily activity through October 2025. On October 6, the platform’s daily trade volume more than doubled to $10.2 billion, up from $3.97 billion at the end of August, according to CryptoQuant.
This spike demonstrated Alpha 2.0’s increasing dominance in early-stage token trading, putting it ahead of other centralized exchanges save Binance. Rising consumer interest and growing liquidity across hundreds of recently listed coins are the main causes of the high momentum.
Besides trading volume, participation among small traders has jumped sharply. From 17.4 million on August 31 to 30.6 million by October 22, daily trades peaked on October 2 at 61.3 million. The average deal size, however, decreased from $424 in June to $247 in October, suggesting that more retail traders are trading with smaller stakes. Also, at the end of October, there were 331 tradable tokens, which increased trading opportunities and liquidity across a greater variety of assets.
Diversified Trading Activity on Binance Alpha 2.0
Since the launch of Alpha 2.0, 37 different tokens have topped its daily volume charts. Tokens like KOGE, WOD, ALEO, and AOP led for the most days. Meanwhile, the top token’s share of total trading volume declined from 60% to 30%, showing that trading activity is now spreading across more assets. Consequently, Binance Alpha 2.0 has become the main hub for discovering prices of new and emerging tokens.
At the same time, Bitcoin’s market shows tightening liquidity conditions. CryptoQuant data reveals that sell-side liquidity has dropped to around 3.12 million BTC, the lowest since 2018. Demand from accumulation addresses surged by 373,700 BTC over the past month, signaling strong buying by long-term holders.
“Analytically, the decline in liquidity, coupled with increased demand from long-term holders, points to a favorable environment for price appreciation in the medium term,” stated ArabxChain.
The Liquidity Inventory Ratio has fallen to 8.3 months, indicating that supply can only meet current demand for less than nine months.
