🤔 $BTC #Matrixport : Bitcoin Dominance Reaches New Cycle High

This cycle is all about Bitcoin. The clearest indicator of this is the Bitcoin dominance ratio, which has reached new highs for this cycle.

Not even the launch of the Ethereum Spot #ETF has altered this trend. In fact, institutional interest in Bitcoin Spot ETFs is growing, with three pension funds, notably from Wisconsin and Michigan, already investing, and Jersey actively seeking SEC approval.

This institutional support is bolstering Bitcoin prices and further increasing the Bitcoin dominance ratio.