What you should be looking at is bitcoin dominance. http://coinmarketcap.com/charts/#btc-percentage Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.
I will not be surprised to see bitcoin dominance getting back to over 80% really soon. Bitcoin price have already showing signs of next bull run, money will flow back to bitcoin and dominance will grow again.