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

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 the proportion from the same period last year. This trend may delay the arrival of the Altcoin season. The report points out three key factors driving Bitcoin's rising dominance: 1) Against the backdrop of increasing macroeconomic uncertainty, Bitcoin has demonstrated strong resilience, attracting more safe-haven funds; 2) The launch of Bitcoin ETFs and the establishment of strategic Bitcoin reserves in the US have provided a clearer regulatory framework for institutional investors; 3) Most Altcoins are performing poorly, leading investors to prefer Bitcoin with higher liquidity and lower risk. Nevertheless, Crypto Insights Group CEO Andy Martinez stated that the Altcoin season is not completely over, and funds are shifting towards projects with actual revenue, transparent finances, and reasonable token issuance plans. (DL News)