TechFlow reported on March 9 that, according to Ai Yi's analysis, TradingView data shows Bitcoin's market dominance (BTC.D) currently stands at 61.25%. It has remained above 60% for over a month since returning to this level on February 2. During this period, altcoins have performed poorly, meme coin enthusiasm has cooled, and newly launched tokens have faced immediate price collapses, reflecting an overall bearish market sentiment.
Historically, after Bitcoin’s market dominance broke above 60% in November last year, altcoins subsequently entered a small bull market. In both 2019 and 2021, Bitcoin’s market dominance reached highs of 70%, followed by significant market rallies.
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