TechFlow news, on November 5, Matrixport released a chart showing that driven by multiple favorable factors, Bitcoin's market dominance steadily rose from 50% to 60% in 2024. This trend reflects Bitcoin's strong support within the overall cryptocurrency market. An increasing number of traditional finance (TradeFi) investors are allocating to Bitcoin via ETFs, while the open interest of CME Bitcoin futures as a share of total Bitcoin futures trading volume is also growing significantly.
Meanwhile, altcoins are constrained by declining user activity and token unlocking pressures, contrasting sharply with their explosive growth during the 2020–2021 DeFi boom. Today, investors are seizing opportunities to gradually shift crypto assets into Bitcoin, validating Michael Saylor's view: "The only choice is the best choice."
