Analysis: Most Hedge Funds Expect BTC Dominance to Continue Rising, Altseason May Be Delayed

Odaily reports that according to a survey conducted by Crypto Insights Group of 50 hedge funds managing over $5 billion in assets, 70% of respondents anticipate Bitcoin's dominance in the crypto market will further strengthen over the next six months, a threefold increase from the same period last year. This trend may delay the arrival of altseason. The report highlights three main factors driving the rise in Bitcoin dominance:
1. Amid increasing macroeconomic uncertainty, Bitcoin has demonstrated strong resistance to declines, attracting more safe-haven capital;
2. The introduction of Bitcoin ETFs and the establishment of U.S. strategic Bitcoin reserves have provided institutional investors with a clearer regulatory framework;
3. Most altcoins have underperformed, leading investors to favor Bitcoin, which offers higher liquidity and lower risk.
However, Crypto Insights Group CEO Andy Martinez stated that altseason is not entirely over, as funds are shifting towards projects with actual revenue, transparent finances, and reasonable token issuance plans. (DL News)