TechFlow news, May 9 — According to the latest report from Matrixport, Bitcoin's price has once again surpassed $100,000, rising approximately 16% since breaking through $85,450 on April 11. The report noted that after surpassing the 21-week moving average ($87,199) and the Fibonacci resistance level ($87,045), coupled with accelerating ETF capital inflows, a robust bullish signal framework has formed, providing sound rationale for allocating to call options.
Currently, Bitcoin's market dominance has risen to 64.5%, the highest level since the DeFi boom in 2021, indicating investor preference for high-quality assets. In contrast, altcoins continue to underperform, with social media discussion volume declining over 40% since December 2024. The report recommends maintaining long positions in Bitcoin via spot or perpetual futures, while using altcoin perpetual futures for hedging, as their funding rates remain low.
