Matrixport analysis reveals a shift in investor preferences, indicating that the recent altcoin season is cooling down. Bitcoin has seen its dominance rise, exceeding 56.8% and presently hovering around 59.5%. This trend suggests increased institutional involvement and a focus on assets with greater liquidity and regulatory clarity. Historically, Bitcoin has demonstrated consistent outperformance compared to other cryptocurrencies over various market phases. As institutions reallocate their investments back towards Bitcoin, this preference is anticipated to persist for the foreseeable future, subject to ongoing adjustments based on evolving market conditions and risk management strategies.