Bitcoin's market share has risen to 64.67%, reaching a new high since February 2021.

The increase in market share reflects the sluggishness of the altcoin market, and may also indicate that the market is approaching a bottom, with a rebound imminent. Historical data shows that when Bitcoin's market share climbs to critical levels, altcoins often become active in response. For example, when it broke 60% last November, it triggered a small altcoin bull market; and in 2019 and 2021, when market share approached 70%, the market experienced a comprehensive upward trend.