Matrixport: The Only Choice Is the Best Choice, Bitcoin Market Dominance Rises to 60%

BlockBeats News, November 5th: Matrixport released its daily chart report, stating that driven by multiple positive factors, Bitcoin's market dominance has steadily risen from 50% to 60% by 2024. This trend reflects Bitcoin's strong support in the overall crypto market. An increasing number of traditional financial investors are allocating Bitcoin through ETFs, and the proportion of open interest in CME Bitcoin futures to Bitcoin futures total trading volume is also significantly growing.

At the same time, altcoins are constrained by decreased user activity and token unlocking pressure, contrasting sharply with the explosive growth during the 2020-2021 DeFi boom. Today, investors are seizing the opportunity to gradually shift their crypto assets to Bitcoin, validating Michael Saylor's view: "The only choice is the best choice."