BlockBeats news, on November 5, Matrixport released its daily chart report, which shows that under multiple favorable factors, Bitcoin's market dominance is steadily rising from 50% to 60% in 2024. This trend reflects Bitcoin's strong support in the entire cryptocurrency market. An increasing number of traditional financial investors are allocating Bitcoin through ETFs, and the proportion of open contracts in CME Bitcoin futures is also significantly increasing compared to the total trading volume of Bitcoin futures.
At the same time, altcoins are constrained by declining user activity and token unlock pressure, contrasting sharply with the explosive growth during the 2020-2021 DeFi boom. Today, investors are seizing the opportunity to gradually shift crypto assets to Bitcoin, validating Michael Saylor's view: 'The only choice is the best choice.'
