BlockBeats news, on November 5, Matrixport released its daily chart report, which shows that driven by multiple positive factors, Bitcoin's market dominance is steadily rising from 50% to 60% in 2024. This trend reflects Bitcoin's strong support in the entire crypto market. More and more traditional financial
(TradeFi) investors are allocating Bitcoin through ETFs, while the open interest of CME Bitcoin futures is also significantly increasing as a proportion of the total trading volume of Bitcoin futures.
At the same time, altcoins are constrained by declining user activity and token unlocking pressure, which sharply contrasts with the explosive growth during the DeFi boom of 2020-2021. Nowadays, investors are seizing the opportunity to gradually shift crypto assets to Bitcoin, validating Michael Saylor's view: 'The only choice is the best choice.'
