Since the dump from 6500$ (and actually since sept.) btc dominance has been very stable, around 53%.
However it appears previous bear market phases always had an impact on the indicator.
How do you explains this at all?
The so called "bitcoin dominance" doesn't matter at all to me.If the bitcoin price crashes to around 1000 USD,but the bitcoin dominance reaches 90%,would you be happy?It's normal for bitcoin to "dominate" all the other cryptos in a bear market.In a bull market,the bitcoin market cap will decrease to under 50% of the total crypto market cap.