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Bitcoin dominance, which indicates the proportion of Bitcoin's market cap relative to the total cryptocurrency market cap, has seen a slight decline recently. Despite this, it is believed that Bitcoin remains in a strong position, with expectations of a surge as major players, including institutional investors, consider accumulating Bitcoin. Factors such as large purchases or significant movements by renowned financial institutions could trigger further price surges.
The Altcoin market remains lukewarm, as Bitcoin continues to absorb the market's liquidity. While some predict an upcoming alt season—periods when altcoins significantly outperform Bitcoin—it’s clear that Bitcoin will likely continue to attract capital in the near term.