Odaily Planet Daily News According to a survey by Crypto Insights Group of 50 hedge funds with more than $5 billion in assets under management, 70% of respondents expect Bitcoin's dominance in the crypto market to further increase in the next six months, three times the same period last year. This trend may delay the arrival of the alt season. The report pointed out that the three major factors driving the rise in Bitcoin's dominance include:
1. Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has shown strong resistance to declines, attracting more safe-haven funds;
2. The launch of Bitcoin ETFs and the establishment of the US Strategic Bitcoin Reserve provide institutional investors with a clearer regulatory framework;
3. Most altcoins have performed poorly, and investors prefer Bitcoin with higher liquidity and lower risks.
Nevertheless, Andy Martinez, CEO of Crypto Insights Group, said that the alt season has not completely ended, and funds are turning to projects with real income, transparent finances and reasonable token issuance plans. (DL News)