Analysis: 70% of hedging funds expect Bitcoin's dominance to continue to rise, the alt season may be delayed.

Odaily News According to 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 alt season. The report points out that the three main factors driving the rise of Bitcoin’s dominance include:

1. Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has demonstrated strong resilience against declines, attracting more hedging funds.
2. The launch of the Bitcoin ETF and the establishment of the strategic Bitcoin reserves in the United States provide a clearer regulatory framework for institutional investors.
3. Most altcoins are performing poorly, and investors are more inclined to choose Bitcoin, which has higher liquidity and lower risk. Nevertheless, Andy Martinez, CEO of Crypto Insights Group, stated that the alt season has not completely ended, and funds are shifting towards projects with actual revenue, transparent finances, and reasonable token issuance plans. (DL News)