Analysis: 70% of hedge funds expect Bitcoin dominance to continue to rise, and the alt season may be delayed

Odaily News According to a survey by Crypto Insights Group of 50 hedge funds with more than $5 billion in assets under management, 70% of respondents expect Bitcoin's dominance in the crypto market to increase further in the next six months, three times the same period last year. This trend may delay the arrival of the alt season. The report points out that the three major factors driving the rise in Bitcoin's dominance include:
1. Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has shown strong resistance to declines, attracting more safe-haven funds;
2. The launch of Bitcoin ETFs and the establishment of the US Strategic Bitcoin Reserve provide a clearer regulatory framework for institutional investors;
3. Most altcoins perform poorly, and investors prefer Bitcoin, which has higher liquidity and lower risks.
Nevertheless, Andy Martinez, CEO of Crypto Insights Group, said that the alt season is not completely over, and funds are turning to projects with real revenue, transparent financials and reasonable token issuance plans. (DL News)