BlockBeats news, on October 8, Matrixport released today's market analysis, “Since Bitcoin's strong breakthrough in June 2023 and the establishment of a bull run pattern, discussions about the 'alt season' in the market have remained heated. However, funds are still concentrated in a few large cap coins, and the overall market still shows significant structural differentiation. Recently, BNB continued the leading momentum previously shown by Ether, becoming one of the few standout assets; however, overall, although most crypto assets have significantly rebounded since the 2022 low, market differentiation remains evident, with limited room for following gains. As the market focus returns to mainstream assets, Bitcoin's dominance, which had temporarily declined over the past two months due to the strength of Ether and some alts, is now rising again. Under the trend reversal, Bitcoin has once again become the core driving force of this cycle.”
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