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.
I have seen the same pattern before, this is nothing new. When bitcoin goes up, the alts go up. When bitcoin goes down, the alts go down. Bitcoin being stronger, pulls them all around, but them on their own being weaker, won't pull bitcoin very much. Of course within this pulling and pushing, their relative prices fluctuate and this is where some traders make profits from. The simple delay can signal them.
But yes in time bitcoin price is going to fluctuate less, we are talking about decades here so don't get too much expectation. Do note that "stable" doesn't mean 1:1 with the USD, they are naturally going the opposite direction in more predictable rates. You know they like to inflate the USD at or near 2% per year, so that's the very least BTC should be gaining against it. Any coin pegged to the USD is also artificially inflating with them (as with all fiats).
You can clearly see the increase of value in bitcoin's life, this looks like a logarithmic curve, it goes up very fast in the beginning but tends to slow down with time. The opposite is the exponential curve as always seen with hyperinflation, starts very slow and goes up faster and faster later...