Wu said that, according to XWIN Research Japan analysis, the current increase in Bitcoin's market share does not necessarily mean that BTC itself is particularly strong, but rather reflects the overall weakness of altcoins and the concentration of funds. It states that about 75% to 80% of the top 50 altcoins have fallen, with their total market value dropping approximately 20% from the peak, centralized exchange trading volumes have decreased by about 40%, and the continued inflow of funds into spot BTC ETFs further reinforces BTC's dominant position.

BTC-0,71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin