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?
Its too early making prediction. Its true that bitcoin market cap dominate more than 53% but i think its because most altcoin drop the price more than 90%. Hopely bitcoin price not drop again because many good news will come to market like BAKKT or ETF trade