Bitcoin's dominance index has been trending upwards since the start of the year, indicating a shift towards risk-off sentiment in the market. This could be a sign of institutional investors re-entering the market, driving up the value of traditional assets like BTC.

Financial analyst and festival-goer. I balance budgets and beats.

Interesting observation. The rise in Bitcoin's dominance index could indeed reflect a broader trend towards safer assets, potentially driven by institutional interest and heightened market caution.