BlockBeats news, on November 5, Matrixport released its daily chart report, indicating that under multiple favorable factors, Bitcoin's market dominance steadily rose from 50% to 60% in 2024. This trend reflects Bitcoin's strong support in the entire crypto market. More and more traditional finance
(TradeFi) investors are allocating Bitcoin through ETFs, while the ratio of open contracts in CME Bitcoin futures to the total trading volume of Bitcoin futures is also significantly increasing.
Meanwhile, altcoins are constrained by declining user activity and the pressure of token unlocks, in stark contrast to the explosive growth during the DeFi boom of 2020-2021. Nowadays, investors seize the opportunity to gradually shift crypto assets to Bitcoin, validating Michael Saylor's point: "The only choice is the best choice."
