ChainCatcher reports that Matrixport's weekly report indicates that since the United States launched the Ethereum spot ETF, Ethereum's dominance has declined by nearly 50%. The report states that over the past year, various Altcoin narratives have emerged and quickly disappeared, all showing a "rapid rise followed by a sharp decline" pyramid price structure.
Analysis suggests that Bitcoin may remain in the range of $80,000 to $90,000 in the short term, and the probability of a large-scale Altcoin surge is low, unless three liquidity catalysts emerge: the Federal Reserve releasing dovish signals, stablecoin growth, or improved macro liquidity. The report also points out that unlike past bear markets, Bitcoin's regulatory risks have significantly decreased, which explains its current adjustment period performance being better than in previous periods.
