Matrixport’s recent analysis shows Bitcoin maintaining its leading position in the cryptocurrency market despite low activity among altcoins. The report emphasizes that for altcoins to gain traction, Bitcoin’s dominance must gradually decline, signaling a shift in market share towards them. However, retail trading remains subdued, with speculative futures trading nearing historical lows. This points to a market where demand is almost solely focused on Bitcoin, primarily in spot transactions rather than leveraged derivatives. Though slow growth is anticipated, Bitcoin offers the most stable option in today’s volatile market environment. The report predicts that Bitcoin prices may consolidate over the summer, mirroring last year’s patterns, and this trend is expected to continue throughout 2023.