According to Odaily Planet Daily, Matrixport released today's chart stating that there are claims in the market such as 'the altcoin bull market is imminent' and 'the crypto market has entered the 'banana zone'. However, to welcome this round of market conditions, Bitcoin's market dominance must continue to decline to reflect the expanding overall market share of altcoins. The reality is that retail participation is still low, speculative futures trading is at historic lows, and overall market sentiment has yet to reach the critical point before an explosion. This indicates that current capital demand is almost entirely concentrated on Bitcoin itself, mainly 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 prices experience consolidation in the summer (as shown in last year's market, which is expected to repeat this year), this will not change.
