PANews reported on October 8th that according to an analysis released today by Matrixport, since Bitcoin's strong breakthrough in June 2023, which established a bull market, discussions about an "altcoin season" have continued to intensify. However, funds continue to concentrate in a few large-cap cryptocurrencies, and the overall market still shows significant structural differentiation.

Recently, BNB has continued Ethereum's lead, becoming one of the few assets to stand out. However, overall, while most cryptocurrencies have rebounded significantly since their 2022 lows, market differentiation remains significant, limiting potential for follow-up gains. As the market's focus shifts back to mainstream assets, Bitcoin's dominance rate, which briefly dipped over the past two months due to the temporary strength of Ethereum and some altcoins, is now on the rise again. With this trend reversal, Bitcoin has once again become the core driving force of this cycle.