Matrixport: The popularity of altcoins is declining, and Bitcoin is still the first choice for funds

Odaily Planet Daily News: Matrixport released today's chart stating that there are rumors in the market that there is an "upcoming bull market for altcoins" and "the cryptocurrency market has entered the 'banana zone'". But in order to usher in this round of market trend, Bitcoin's dominant position in the market must continue to decline, in order to reflect the continuous expansion of Shanzhai Coin's overall market value proportion. However, the reality is that the current participation of retail investors is still low, speculative futures trading is also at a historical low, and overall market sentiment has not yet reached the critical point before the outbreak. This indicates that the current funding demand is almost concentrated on Bitcoin itself, and mainly flows into the spot market rather than leveraged derivatives. Despite the relatively slow pace of Bitcoin's rise, it remains the most certain trading option in the current market environment. Even if prices experience consolidation in the summer (as shown by last year's market trend and expected to repeat this year), this will not change.