Michael Saylor says that most capital in digital assets will flow to Bitcoin, and the number of companies holding BTC has increased from 60 to 160, outperforming the S&P 500.

Saylor is at it again, boosting BTC; it feels like he’s a die-hard Bitcoin fan. Combined with El Salvador accumulating 8 BTC in a week, bringing their total holdings to 6,263, the institutional influx is really happening.

I believe this statement will boost confidence in BTC, especially now that BTC has broken $118,500, rising 1.86% in 24 hours. However, ETH is also surging, with a market capitalization exceeding $500 billion, ranking 25th globally. Perhaps altcoins will also get a share of the pie.

However, be aware that Galaxy Digital transferred 224,000 SOL ($41.12 million) to CEX in two hours; this selling pressure may put SOL under strain. As the market rotates, BTC's dominance may be maintained in the short term, but don't overlook the Q4 alt season.