According to Markus Thielen, the Head of Research at 10x Research, savvy traders are now showing increased interest in altcoins, moving away from Bitcoin. This shift indicates traders' search for high-risk, high-reward opportunities.
Recent trends have shown a significant surge in trading volumes for altcoins, suggesting a changing focus in the cryptocurrency market.
The waning dominance of Bitcoin since mid-March has fueled this trend among savvy traders who are exploring new promising altcoins.
