Leading crypto market analyst Ki Young Ju shared his observations on the current state of Bitcoin and altcoins, indicating that a decline in Bitcoin's dominance is unlikely.
Bitcoin's Dominance Growth
According to Ju, the current growth rate of Bitcoin makes a decline in its market dominance unlikely. This is fueled by several factors, including the launch of spot ETFs in the U.S. and support from President Donald Trump. At the time of writing, Bitcoin's market dominance was 57%, with slight dips observed over the past week and month.
Fate of Altcoins
Despite the significant past growth of altcoins, institutional investors and ETF buyers have no intentions to rotate their investments from Bitcoin to altcoins. A substantial influx of capital to crypto exchanges is needed for altcoins to experience significant price growth.
Analyst's Observations and Conclusions
Ju notes that even with the recent Bitcoin retracement, the nature of capital flowing into the network could maintain the asset's dominance and delay the next 'altseason.' This is driven by demand from institutional investors and spot ETFs.
Ki Young Ju's analysis highlights Bitcoin's stable dominance and the uncertain outlook for altcoins in the near future.
