[Bitcoin Dominance Rebounds, Market Focus Shifts Back to Mainstream Assets]
Matrixport's analysis released today points out that since Bitcoin's strong breakout in June 2023, establishing a bullish market trend, discussions around the 'altcoin season' have been heating up. However, funds remain primarily concentrated in a few large-cap crypto assets, with the market overall exhibiting significant structural divergence. Recently, BNB has continued the previous leading momentum of Ethereum, becoming one of the standout performers. Nevertheless, although most cryptocurrencies have rebounded significantly from their 2022 lows, market divergence remains evident, with limited room for further upward movement. As the market focus gradually returns to mainstream assets, Bitcoin dominance, which had briefly declined over the past two months due to the temporary strength of Ethereum and some altcoins, has now resumed its upward trajectory, becoming the core driving force of the current cycle.