Matrixport: The hype for alts has waned, Bitcoin remains the preferred choice for funds.

Odaily News Matrixport released a chart today stating that there are claims in the market such as “the altcoin bull run is imminent” and “the crypto market has entered the ‘banana zone’.” However, to welcome this round of market trends, Bitcoin’s market dominance must continue to decline in order to reflect the ongoing increase in the market capitalization share of alts. However, the reality is that the current participation of retail investors remains sluggish, and speculative futures trading is also at a historical low, with overall market sentiment not yet reaching the critical point before an explosion. This indicates that the current demand for capital is almost entirely concentrated on Bitcoin itself, primarily flowing into the spot market rather than leveraged derivatives. Although the pace of Bitcoin’s rise may be relatively slow, it remains the most certain trading choice in the current market environment. Even if the price undergoes consolidation in the summer (as last year’s market showed, it is expected to repeat this year), this will not change.