According to Odaily Planet Daily, Matrixport released a chart today stating that there is no shortage of claims in the market about the 'altcoin bull market imminent' and that the 'crypto market has entered the banana zone.' However, for this round of market movement to occur, Bitcoin's market dominance must continue to decline to reflect the expanding market share of altcoins. The reality is that retail participation remains sluggish, speculative futures trading is at historic lows, and overall market sentiment has not yet reached the critical point before an explosion. This indicates that current capital demand is almost entirely focused on Bitcoin itself and is mainly flowing into the spot market rather than leveraged derivatives.
Although Bitcoin's upward momentum may be relatively slow, it remains the most reliable trading choice in the current market environment. Even if prices undergo consolidation in the summer (as last year's market indicated, and it is expected to happen again this year), this will not change.
