Historically, market cycles<\/strong> favored capital rotation from Bitcoin<\/a><\/strong> to altcoins<\/strong> after halvings<\/a>. This time, however, BTC dominance<\/strong> over the total market capitalization (excluding stablecoins) continues to rise<\/strong>, contrary to previous cycles.<\/p>\n\n\n\n Analysts attribute this to growing institutional appetite<\/strong>. Corporate treasuries<\/strong> and pension funds<\/strong> are massively accumulating BTC through ETFs<\/strong> and direct purchases, preferring long-term<\/strong> positions, which limits capital flows toward altcoins.<\/p>\n\n\n\n With nearly +80% gains<\/strong> over the past year for Bitcoin<\/a>, compared to just +16% for the S&P 500<\/strong>, institutional investors remain cautious<\/strong> about the volatility of altcoins.<\/p>\n\n\n\n