Survey: Most hedge funds expect Bitcoin's dominance to continue rising, and the altcoin season may be delayed
ChainCatcher news, according to DL News, based on a survey by Crypto Insights Group of 50 hedge funds managing over $5 billion in assets, 70% of respondents expect Bitcoin's dominance in the crypto market to further strengthen in the next six months, which is three times that of the same period last year. This trend may delay the arrival of altcoin season. The report highlights three main factors driving the rise of Bitcoin's dominance:Amid increasing macroeconomic uncertainty, Bitcoin has shown strong resilience, attracting more safe-haven funds;The launch of Bitcoin ETFs and the establishment of strategic Bitcoin reserves in the U.S. provide a clearer regulatory framework for institutional investors;Most altcoins have performed poorly, leading investors to prefer Bitcoin, which has higher liquidity and lower risk.Nevertheless, Andy Martinez, CEO of Crypto Insights Group, stated that altcoin season is not completely over, and funds are shifting towards projects with real revenue, transparent finances, and reasonable token issuance plans.