According to Wu Blockchain, Coin Metrics published an article exploring structural changes in the cryptocurrency market. As the crypto investment space expands, capital is becoming more selective. Bitcoin's dominance continues to rise, while the growth of stablecoins and on-chain derivatives is squeezing the space for altcoins. The altcoin sector is gradually shrinking, with increasing concentration at the top. The share of the top 10 altcoins has risen from about 70% five years ago to around 82%. Since 2023, large-cap coins have significantly outperformed mid-cap and small-cap coins. The article analyzes whether market capital is shifting toward fewer, larger, and more mature assets, noting that while the market is evolving, liquidity remains limited, and cryptocurrencies still face competition from traditional assets. Although the threshold for sustained funding in the altcoin sector has risen, factors such as market structure rules, the development of related ETFs, and favorable liquidity conditions could still catalyze altcoin trends, albeit in a more selective manner than before. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55445