Odaily Planet Daily News: According to a survey conducted by Crypto Insights Group on 50 hedge funds with assets under management exceeding $5 billion, 70% of respondents expect Bitcoin's dominant position in the cryptocurrency market to further strengthen in the next six months, which is three times higher than the same period last year. This trend may delay the arrival of the knockoff season. The report points out that the three major factors driving the rise of Bitcoin's dominant position include:
1. Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has demonstrated strong resilience and attracted more safe haven funds;
2. The launch of Bitcoin ETFs and the establishment of strategic Bitcoin reserves in the United States have provided institutional investors with a clearer regulatory framework;
3. Most altcoins perform poorly, and investors tend to choose Bitcoin with higher liquidity and lower risk.
However, Andy Martinez, CEO of Crypto Insights Group, stated that the knockoff season has not completely ended and funds are shifting towards projects with actual income, transparent finances, and reasonable token issuance plans. （DL News）
