Why hasn't the altcoin season arrived despite Bitcoin's impressive performance? Recent analysis points to the growing influence of institutional investors as the primary reason. Bybit's report highlights a shift in market dynamics. Historically, post-Bitcoin halving, funds flowed into altcoins seeking higher returns. However, Bitcoin dominance remains strong, and few altcoins are experiencing significant price surges. This change is attributed to institutional investors favoring large-cap cryptocurrencies like Bitcoin and Ethereum. These investors typically adopt long-term holding strategies, reducing volatility across the altcoin market. Ethereum dominance also remains low compared to previous altcoin seasons. While a future altcoin season isn't ruled out, the report suggests that only fundamentally strong altcoins with proven use cases and innovative technology are likely to benefit. Investors are now more discerning, prioritizing quality and long-term viability over speculative hype. This new paradigm favors established projects with strong foundations. ```

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