Matrixport: Little Possibility for Overall Altcoin Surge

On April 18, the latest Matrix on Target weekly report pointed out that since the US launched the Ethereum spot ETF, Ethereum's dominance has decreased by nearly 50%. The report states that over the past year, various altcoin narratives have emerged rapidly and disappeared just as quickly, all displaying a "sharp rise followed by a crash" pyramid price structure.

The analysis suggests that Bitcoin may remain in the $80,000 to $90,000 range in the short term, while the probability of a large-scale altcoin surge is low unless three liquidity catalysts occur: dovish signals from the Federal Reserve, growth in stablecoins, or an increase in macro liquidity. The report also points out that, unlike past bear markets, the regulatory risk for Bitcoin has significantly decreased, explaining why its performance during the current adjustment period is better than in previous ones.