Viewpoint: The dominance of the Bitcoin market is declining, but it does not mean that the "alt season" is about to arrive.

Odaily News Bitcoin's dominance in the crypto assets market (BTC Dominance) has recently declined, but analysts point out that this does not mean that the "alt season" is approaching. Grayscale Research Director Zach Pandl stated that when the market focuses on macroeconomic instability and the risks facing the dollar, Bitcoin's dominance may rise; while when the market pays attention to various applications of blockchain technology and innovations in the encryption field, Bitcoin's dominance may decline. Zach Pandl added: "In the next 9 to 12 months, it is more likely that Bitcoin's dominance will stabilize at around 60% to 70% of the overall market, rather than decline significantly. Within the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% to 70% of the overall Crypto Assets market, rather than experiencing a significant decline. This judgment is not easy, as Bitcoin and altcoins each have different favorable factors that may play a role. From a macro perspective, we are bullish on Bitcoin; from the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that Bitcoin's dominance will tend to stabilize from the current point." (Decrypt)