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?
/edit: details
Since september Bitcoin went from $6500 to $5500
Then 5500 to 4200
Then 4200 to 3700
Then 3700 to 4300
Then 4300 to 3300
BTC and the whole cryptomarket are falling absolutely proportionately. It remains at 53%
Previously it wasn't the case. Dec 13 it fell from 96% to 87%. Strong movements in the markets pretty much always translated in a different dominance afterwards.
Note that the absolute value of btc dominance (53%), high/low, is not my point at all.
Also speculations on BTC aren't the point, it's only about understanding the current stability of btc dominance, if it has any meaning.
Bitcoin is volatile, are you not aware of that? You only talk about how far it has gotten down, do you also talk about how far it was able to go from the bottom (from a low price to $19,500)before the price started to decline. I was even thinking it would go below the $3000 mark, but luckily it didnt. There is no need to complain about it, just stay calm and see what follows next, this year is probably going to be a better year.