Survey: Majority of Hedge Funds Expect Bitcoin Dominance to Continue Rising, Altcoin Season May Be Delayed

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Chaincatcher2025/04/23 17:17

According to a DL News report, a survey conducted by Crypto Insights Group among 50 hedge funds managing over $5 billion in assets revealed that 70% of respondents anticipate Bitcoin's dominance in the crypto market to further strengthen over the next six months, tripling from the same period last year. This trend may delay the arrival of the altcoin season. The report cites three main factors driving the increase in Bitcoin's dominance:

Amid heightened macroeconomic uncertainty, Bitcoin has demonstrated strong resilience against downturns, attracting more flight-to-safety funds;
The introduction of Bitcoin ETFs and the establishment of strategic Bitcoin reserves in the United States provide institutional investors with a clearer regulatory framework;
The underperformance of most altcoins leads investors to prefer Bitcoin, which offers higher liquidity and lower risk.

Nonetheless, Crypto Insights Group CEO Andy Martinez stated that the altcoin season is not completely over, as funds are shifting towards projects with actual revenue, transparent finances, and reasonable token issuance plans.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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