$BTC dominance is broken as a metric. The denominator includes stablecoins now, and they've ballooned so much they distort the whole picture.
Better signal: TOTAL2ES / $BTC. That's all alts minus stables, measured directly against Bitcoin. Actually tells you if alts are outperforming or not.
Better signal: TOTAL2ES / $BTC. That's all alts minus stables, measured directly against Bitcoin. Actually tells you if alts are outperforming or not.