Odaily星球日报讯 Matrixport 发布图表称，在多重利好因素推动下，2024 年比特币的市场主导地位稳步从 50%上升至 60%。这一趋势反映出比特币在整个加密市场中的强大支撑力。越来越多的传统金融（TradeFi）投资者通过 ETF 配置比特币，而 CME 比特币期货的未平仓合约占比特币期货总交易量的比例也在显著增长。 同时，山寨币受限于用户活跃度下降和代币解锁压力，与 2020-2021 年 DeFi 繁荣期的爆发式增长形成鲜明对比。如今，投资者抓住机会，将加密资产逐步转移至比特币，验证了 MichaelSaylor 的观点：“唯一的选择就是最好的选择。”

Odaily星球日报讯 Matrixport 发布图表称，在多重利好因素推动下，2024 年比特币的市场主导地位稳步从 50%上升至 60%。这一趋势反映出比特币在整个加密市场中的强大支撑力。越来越多的传统金融（TradeFi）投资者通过 ETF 配置比特币，而 CME 比特币期货的未平仓合约占比特币期货总交易量的比例也在显著增长。同时，山寨币受限于用户活跃度下降和代币解锁压力，与 2020-2021 年 DeFi 繁荣期的爆发式增长形成鲜明对比。如今，投资者抓住机会，将加密资产逐步转移至比特币，验证了 MichaelSaylor 的观点：“唯一的选择就是最好的选择。”

Matrixport：山寨币表现疲软，比特币主导地位升至60%

According to the <Odaily> report, Matrixport released a chart showing that under the influence of multiple positive factors, Bitcoin's market dominance is steadily rising from 50% to 60% by 2024. This trend reflects Bitcoin's strong support in the entire cryptocurrency market. More and more traditional financial (TradeFi) investors are allocating Bitcoin through ETFs, and the proportion of open interest in CME Bitcoin futures is also growing significantly. Meanwhile, <Altcoins> are in contrast to the explosive growth during the 2020-2021 <DeFi> boom, due to the decline in user activity and the pressure of token unlocking. Investors are now seizing the opportunity to gradually shift their crypto assets to Bitcoin, validating Michael Saylor's view that "the only choice is the best choice."

According to the report from <Odaily>, Matrixport has released a chart showing that under the influence of multiple positive factors, Bitcoin's market dominance is steadily rising from 50% to 60% by 2024. This trend reflects Bitcoin's strong support in the overall cryptocurrency market. More and more traditional finance (TradeFi) investors are allocating Bitcoin through ETFs, and the proportion of open interest in CME Bitcoin futures is also growing significantly. Meanwhile, Altcoins are in contrast to the explosive growth during the 2020-2021 DeFi boom period, due to the decline in user activity and the pressure of token unlocking. Nowadays, investors are seizing the opportunity to gradually shift their crypto assets to Bitcoin, validating Michael Saylor's view that "the only choice is the best choice."

Matrixport: Altcoin perform weakly, Bitcoin dominance rises to 60%

The market sentiment is clearly bullish in the long term. Will new highs arrive before the end of the year?

Matrixport Investment Research: BTC's new high may come by the end of the year or in 25 years

Regardless, the clarity that follows elections usually drives a rebound in Bitcoin.
Author: arndxt
Compiled by: TechFlow
Some notable hot trends include <MEME>, <AR>, <BRC-20>, and <RWA>.
In a bull market, my strategy is to double down on projects that have already succeeded and to closely follow these trends.
Trends to watch in November.
Weekly update
Market momentum from the elections
Bitcoin is nearing its all-time high, but the market's calmness suggests a sense of anticipation. With the US election approaching, significant market volatility may occur.
Although in Pol...

Crypto market trends in November: Elections, Bitcoin ETFs and emerging sectors

According to the <ChainCatcher> report, Bitfinex has released a report stating that after 8 months of volatility, Bitcoin nearly broke its all-time high last week, but then experienced a violent pullback. We believe that this rebound was initially driven by the "Trump trade" narrative, but was subsequently impacted by the uncertainty surrounding the outcome of the US presidential election tomorrow. This lack of confidence is also reflected in the Bitcoin options market. As election day approaches, the market generally believes that a Republican victory would be positive for Bitcoin, while the prospect of a Democratic victory appears more uncertain. The average odds of a Trump victory have fallen from 64.9% to 56%. In the options market, implied volatility of near-expiry contracts has been unusually subdued ahead of the election. This calm in volatility suggests that investors are in a wait-and-see mode, awaiting clarity on the situation. However, it is expected that volatility will surge between November 5th and 8th, which could trigger significant market movements; if no volatility materializes, it may indicate deeper market caution. The Altcoin market has also seen a downturn, with Bitcoin's market dominance exceeding 60%, reaching a new cycle high. Whenever Bitcoin corrects, Altcoins face severe declines. Ethereum and SOL have both fallen around 12% from their recent highs, while Ethereum has fallen 40% since its initial ETF bounce. The speculative interest that once supported Altcoins seems to have disappeared, as reflected in stable funding rates and an overall gloomy market sentiment. With Bitcoin absorbing most of the inflows into crypto assets, Altcoins struggle to keep up, lacking new catalysts, and their prospects for a short-term recovery appear slim. Even in last week's pullback, Bitcoin's overall resilience since its September lows is noteworthy. In summary, the current market dynamics suggest that the week leading up to the election will be very eventful. Whether you are a trader, investor, or casual observer, the path to election day is sure to be anything but uneventful.