Bitcoin in the first week of May $94,235.30 His domination rose to 64.98 %. This level is the highest rate recorded since 2021. Market participants emphasize that the Altcoin season is far from expected and that the existing trends do not give enough signal to investors. The data reveals that in the short term, capital rotation is still in favor of Bitcoin.
Expectations have changed in Altcoin rotation signals
According to the independent analyst Markus Thielen, previous trends, which are interpreted as a signal of transition to Altcoins on social media, are now losing validity. Ethereum $1,809.53The inability of the expected performance of the Alternative Crypto Money projects, the Altcoin season postponed. Investors do not only act by looking at technical indicators, but also take into account the basic metrics.
In the graph prepared by MatrixPort, there are no clear signs of capital rotation when Bitcoin dominance and performance signals of subcoins are compared side by side. In the last 90 days, the graph shows that only 24 %of subcoins provide better return than Bitcoin. This indicates that Bitcoin’s liquidity collection period continues.
Corporate purchases play a decisive role in the crypto currency market
Apollo Strategy Director Thomas Fahrer says that large institutions turn to Bitcoin with long -term expectations and make it difficult to move to the subcoins. The possibility of Michael Saylor’s additional Bitcoin purchase to Microstrategy may bring the company’s total stock closer to 600,000 BTC. Such moves reveal the effect of institutional purchases in the market.
Capriole Investments’ data supports that Altcoin performance remains relatively weak and Bitcoin maintains its short -term domination. Corporate purchases reshape the general dynamics of the crypto currency market. Investors pay attention not only to the dominance rates but also the strategies of the corporate party while evaluating capital rotation.
Investors leave Altcoins in the position of watching with Bitcoin’s strong course. Market commentators suggest that the dominance summit may turn into a retreat or triggering mobility in subcoins. However, it is difficult to say that a clear period has begun for now.
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.