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 have noticed that as well and it seems very interesting,
bitcoin and altcoins are falling in almost the same proportion, I am not sure what this means, was the crash fabricated? Or are people selling bitcoin and their altcoins in the same proportion because they are getting completely out of the market? I do not know and it will be interesting to know if someone has a theory to explain what it is happening.
That was exactly my point and interrogation. And most notably since in previous market dumps, BTC was not falling in the same proportion as altcoins.
2 points that have been mentionned earlier and seem valid to me, and point out 2 market changes:
- Echanges offer more altcoins
- Stable coins, which now play the role of "refuge"
I'm still amazed how stable it is despite all these massive pumps and dumps