According to BlockBeats, on October 16, according to market data, Bitcoin's market share (BTC.D) reached 58.79% this morning and is currently at 58.70%, a new high since this round of bull market. This data shows that Bitcoin's dominance in the crypto market has been further consolidated, and investors' confidence in it continues to increase. On-chain data analysis shows that there is a clear trend of funds flowing into Bitcoin, and market optimism is high.