Matrixport: The popularity of Altcoin has receded, but Bitcoin is still the first choice for funds

reported that Matrixport released a chart today, stating that the market is filled with claims like "Altcoin bull market is imminent" and "crypto market entering the 'banana zone'". However, to welcome this market trend, Bitcoin's market dominance must continue to decline, reflecting the expanding market capitalization share of Altcoins. In reality, retail participation remains low, speculative futures trading is at historical lows, and overall market sentiment has not yet reached the critical point of explosion. This indicates that current fund demand is almost entirely focused on Bitcoin itself, primarily flowing into the spot market rather than leveraged derivatives. Although Bitcoin's price increase may be relatively slow, it remains the most certain trading choice in the current market environment. Even if prices consolidate during the summer (as last year's trend suggests and is expected to repeat this year), this will not change.