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 think it is kinda showing why the altcoin prices are so low even when bitcoin is dropping. The market dominance is the proof that when bitcoin is dropping the price for altcoins drop in bitcoin price as well as usd price (indirectly because of bitcoin price drop) so it does a double dip instead of single dip like bitcoin.
Bitcoin only goes from 6500 dollars to 4300 dollars or whatever and that's one dip, ethereum for example drops in price against bitcoin, it also drops in price because bitcoin drop, which makes it go even further down which it really doesn't have to because nothing major happened in ethereum to make it fall at all. Bitcoin dominance is exactly the reason why we should be focusing on altcoins instead of bitcoin during the bear market season so when things go back up we could have bigger profits.