BTC market capitalisation is currently at ~45%
Historically BTC market capitalisation has reached up to ~60% in bear markets
What does this means for ALTS?
Relative to BTC altcoins will be loosing value, the market capitalisation of BTC has only increased 5%, imagine another 15%?
Please note that market capitalisation of BTC always increases in a bear market after drastic moves - it's now clear we are in a bearish trend and capitalisation has broken out (check trading view charts) so stay diligent.
It's just a rise in relative market cap. As chaotic times come, people prefer gold. In the crypto world, believers regard BTC as gold, and "bear markets" are equivalent to "eras of chaos." When the crypto world prospered, BTC was the ballast, and when the chaotic era came, BTC was the lifebuoy.