Matrixport's latest analysis reveals a shift in market preference back to Bitcoin as the recent 'small-cap season' cools. Bitcoin's dominance, which had dipped to around 56.8%, has now increased to 59.5%. This rise is attributed to increased institutional participation and capital flows towards more liquid and compliant assets. Over the past month, Matrixport has adjusted its tactical model to favor Bitcoin, maintaining this allocation as long as dominance trends upward, with adjustments based on market conditions and risk signals.