Bitcoin dominance [BTC.D] has done what it always does in a bull market, soaking up liquidity and starving altcoins. Even as Bitcoin [BTC] printed a new all-time high, mega-caps like Ethereum [ETH], Solana [SOL], and Ripple [XRP] couldn’t keep up. Forget new highs, most large caps couldn’t even flip key resistance levels. But under the hood, the data tells an even sharper story.
Before the 2022 bear market hit, during the 2021 cycle, Bitcoin topped out around $69,000 in November, and altcoins pretty much followed the move.
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