#ETH突破$4700 The new cycle characteristics of the Crypto Assets market: Bitcoin's dominant position continues to rise.

The latest quarterly report shows that the current Crypto Assets market cycle is significantly different from history. Although Bitcoin prices have repeatedly set new historical highs, it has not triggered the seasonal downturn in the market as usual. On the contrary, Bitcoin continues to maintain its dominant position.
In previous halving cycles, funds typically shifted from Bitcoin to other Crypto Assets as traders sought higher risk exposure. However, in this cycle, Bitcoin's dominance has not decreased but rather increased, while the performance of other Crypto Assets has been relatively subdued. This shift is primarily due to the growing influence of institutional investors. With ETFs, corporate funds, and asset management firms entering the market, Bitcoin has become the preferred target for regulated investments.