BIT：以太坊市值佔比下降，釋放市場結構性轉變信號

Odaily Planet Daily News, BIT posted an analysis on X platform, pointing out that the decline in Ethereum's market cap dominance signals a structural shift in the market. During the 2020-2021 bull run, smart contract platforms were widely viewed with great promise. The market once believed they could reshape some of the infrastructure and business processes within the traditional financial system. However, with high expectations unfulfilled in terms of relative advantages, Ethereum's market cap dominance within the digital asset ecosystem has continued to decline.

Currently, Ethereum's market cap dominance has fallen below 10% again, having shrunk by more than half compared to two years ago. This shows that ETH's relative position in the crypto market is persistently weakening.

For investors with significant ETH holdings, this trend warrants caution. The continuous decline in ETH's market cap dominance indicates that capital is flowing towards other narratives or ecosystems. If this trend continues, ETH may still face downward pressure and maintain relative weakness.