Bitcoin market share rises to 62%… Institutional investors still favor blue chips?

Bitcoin’s market share has once again rebounded to 62%, highlighting that institutional capital remains concentrated in Bitcoin rather than altcoins.
On the 24th (local time), TheBlock reported that Bitcoin's share, an indicator of Bitcoin's weight in the total cryptocurrency market capitalization, had fallen to 59% in May.
The index serves as an important barometer of market sentiment and investment demand for altcoins, and is generally used by Bitcoin investors.
The lower the share of bitcoin, the more favorable investors have become for alternative assets. However, the current trend is that capital continues to flow into Bitcoin, which in turn is driving the broader altcoin market.
This suggests that the coin rally may be delayed for the time being. The recent drop in share is closely related to the involvement of traditional financial institutions in crypto assets.
While altcoins are gradually being accepted as a mainstream investment, institutional support for them remains limited.
The dominance of such "blue chip" assets in the market has led to a tendency to suppress demand for altcoins. Limited investment options have also contributed to this phenomenon.
Cryptocurrency-related stocks accessible to traditional investors include Circle (CRCL), Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR).
This results in the concentration of funds in a small number of stocks. On the other hand, the altcoin market is crowded with thousands of tokens, which disperses capital and makes it difficult to form a concentrated investment structure.
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