The biggest crypto currency Bitcoin (BTC) $82,812.19once again strengthened the dominant position in the market. According to CoinMarketcap data, Bitcoin’s dominance on the market increased by 1.27 percent in the last 24 hours, once again 61 percent. Bitcoin’s domination rate decreased to 51 percent in December, but the current rate corresponds to the highest levels seen since the beginning of 2021. Altcoin season, which Altcoin investors have been waiting for a long time with hope, did not happen. Looking at the general movements of the market, this strong rise of Bitcoin seems to have frustrated many unusual expectations.
Why doesn’t the Altcoin season start?
Bitcoin’s dominance on the market altcoinIt continues to be one of the biggest obstacles to the transition to the s. Normally, as the market cycle matures, investors take profit and turn from Bitcoin to Altcoins and thus Altcoin marketIt would be expected to revive. However, in this cycle, things do not progress in a very usual way.
Elements such as market stability, increase in liquidity and corporate investor interest usually trigger the Altcoin season. But so far, none of these dynamics are seriously Altcoin RallyIt wasn’t enough to start. Many investors are still waiting for the Altcoin season after Bitcoin’s rally. However, despite all these appropriate ground, capital flow is still intensified in Bitcoin.
Basic factors in Bitcoin’s protection
In this cycle, many factors play a role in Bitcoin’s dominance on the market and protecting it. Especially corporate investors BTC Purchase strategies create a continuous print pressure on the price. Formerly known as Microstrategy, companies such as Strategy, with their new name, make capital increases for direct Bitcoin purchase Crypto Money Marketit encourages focusing on a single being.
On the other hand, the number of new coins in the market is quite high compared to previous cycles. This is based on the distribution of investor capital among the subcoins. Altcoin projectswhat attention is diluted. In addition, the approval of Spot Bitcoin ETFs made it possible to directly the flow of capital from the traditional financial world to BTC. On the other hand, similar channels are still missing for Altcoins.
Spot Ethereum 
$1,865.66 The approved of ETFs last summer was seen as a step by some investors that could break Bitcoin’s market domination. However, contrary to expectations, this development could not create a major Altcoin mobility in the market. The first strong entrances from the Ethereum ETFs slowed down in a short time and the expected domino effect did not occur.
A subcoin season is still on the table
Again Altcoin season The idea is not completely shelved. Analysts, Bitcoin’s price is reached if a certain saturation is reached in the opinion that the orientation of Altcoins may begin. However, when this transition will still remain uncertain. Historical examples show that such cycles are occasionally delayed.
The tendency observed in the market reveals that investor psychology is still focused on Bitcoin, which is still seen as a safe port. Although there are conditions that promise hope for Altcoin investors, investor behaviors have not yet made the expected transformation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
