Analysis: The weak recovery of Bitcoin's market capitalization share may indicate a shift in the trend.

PANews reported on February 18th that Matrixport published an article on the X platform stating that Bitcoin's market capitalization share has not yet rebounded significantly, and its trend is largely consistent with the overall consolidation of the crypto market. Historically, when the market is under pressure and defensive sentiment intensifies, Bitcoin's market capitalization share tends to rise. This reflects that when defensive sentiment intensifies, funds tend to flow back to more liquid assets such as BTC.

Following a period of upward movement driven by the Ethereum narrative, Bitcoin's market capitalization share fell from a high of 65% to 56.8%. It subsequently recovered only slightly to approximately 58.0%, and recent upward momentum has weakened. This means that even with continued market uncertainty, there are no clear or sustained signs of a "return to Bitcoin" of funds. These changes may indicate that some investors are reassessing Bitcoin's relative dominance, especially given the relative resilience and even temporary outperformance of other sub-sectors.