Odaily Planet Daily News Matrixport released today's chart, saying that there are many sayings in the market that "the bull market of altcoins is imminent" and "the crypto market has entered the 'banana zone'". But to usher in this round of market, Bitcoin's market dominance must continue to fall back to reflect the increasing share of altcoins in the overall market value.
However, the reality is that retail participation is still sluggish, speculative futures trading is also at a historical low, and overall market sentiment has not yet reached the critical point before the outbreak. This shows that the current demand for funds is almost concentrated on Bitcoin itself, and mainly flows into the spot market rather than leveraged derivatives.
Although Bitcoin's rise may be relatively slow, it is still the most certain trading option in the current market environment. This will not change even if prices consolidate in the summer (as last year's market showed, and this year is expected to reappear).