BlockBeats news, on October 22, Matrixport released a research report stating that Bitcoin's market dominance continues to rise, now reaching 58%, indicating that the altcoin boom has not yet arrived. Although there are over 20,000 cryptocurrencies on the market, attention remains highly focused on Bitcoin. Bitcoin's dominance indicates that ETF inflows have little impact on altcoins, while also suggesting that retail investors have not yet entered the market on a large scale.

Bitcoin's trading volume has doubled from $10 billion to $20 billion in 2023, now reaching $20 billion to $40 billion, further highlighting the strengthening influence of Bitcoin. From a risk-adjusted perspective, Bitcoin remains one of the most attractive trades in the current crypto market.