According to BlockBeats, on April 18th, the latest Matrix on Target weekly report indicated that since the launch of Ethereum spot ETFs in the United States, Ethereum's dominant position has decreased by nearly 50%. The report states that in the past year, various narratives of altcoins have appeared and disappeared rapidly, presenting a pyramid price structure of "rapid rise followed by sharp decline".
Analysis suggests that Bitcoin may remain in the $80000 to $90000 range in the short term, and the probability of a large-scale rise in altcoins is not high unless three liquidity catalysts are present: the Federal Reserve releasing dovish signals, stablecoin growth, or macroeconomic liquidity enhancement. The report also points out that unlike the past bear market, the regulatory risk of Bitcoin has been significantly reduced, which explains why its performance in the current adjustment period is better than that in previous periods.