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?
I don't think there is a lot of big interest changes. Also when the price was 6.5k $, the dominance was around 53%. Even if you can look at it now you can see that the dominance in coinlib.io is 54.26%. I don't think this needs an explanation, even it would be better for us to have lower dominance.