How far can Bitcoin dominance go?

[Fivestar4everMVP]

Many people may agree with me that Bitcoin dominance is the biggest challenge price to altcoins movements. It is on records that Bitcoin dominance has climbed from 38% to 59% since the FTX collapse and a clear sign that capital has been flowing heavily into Bitcoin while altcoins lag behind. The dominance surge shows Bitcoin resilience and investors preferences for safety over riskier assets. I think we may see Btc eat up market share, or is an altcoins season loading? What do you think?

To be honest, at this point, I really do not know what to think anymore, it is absolutely true that Bitcoin dominance have been a major challenge to the growth of Altcoins, but this is completely not the fault of bitcoin, because for Altcoins to grow, money has to flow from bitcoin to alts, thereby reducing the market dominance of bitcoin..

But there is also another way, and that way is that market cap growing, bitcoin dominance or market share remaining the same, while Altcoin market share grows, what this means is that Altcoins are growing in price, this is what I believe will trigger an altseason..
Right now, Altcoins are not growing because the majority of those investing in crypto right now are institutions and governments, and they prefer to invest in bitcoin because it's the only trusted cryptocurrency.

[SmartGold01]

But there is also another way, and that way is that market cap growing, bitcoin dominance or market share remaining the same, while Altcoin market share grows, what this means is that Altcoins are growing in price, this is what I believe will trigger an altseason..
Right now, Altcoins are not growing because the majority of those investing in crypto right now are institutions and governments, and they prefer to invest in bitcoin because it's the only trusted cryptocurrency.

That is it because bitcoin is more trustworthy than altcoin and no one would be that willing to invest in altcoin and for altcoin season to start money has to move from bitcoin to altcoin before that could be affective to the altcoin market.
Currently people now have more trust in bitcoin and they wouldn't be that willing to pull off their investment from bitcoin to altcoin just hold coin that are not making any progress.

[JunaidAzizi]

Well, the crypto market is moving in cycles. When BTC is higher, the altcoins tend to suffer, and when BTC is lower, the altcoins dominate the market. At the current time, we can't expect an altcoin season because BTC is moving higher and higher. So, in the short term, there is no chance of an altcoin rise, but in the long term, I think we can expect it. Also, if the Ethereum ETF gets approved, we will see a big move in the altcoins, or I can say an alt season will begin. For now, it's the best time to invest in altcoins for the long term, but yes, it's risky. So, if you love taking risks, then you can try it.

[JollyGood]

It might not get anywhere near 80, it is currently standing at 63.3% and it is lower than I expected it to be at this stage. Ethereum has around 7.5%. These numbers could change at any time when a pump or dump is taking place.

An 80% Bitcoin dominance looks outrageous, though anything can happen on the crypto space. I think that if bitcoin dominance hit 80% in the future, many altcoins will definitely melt down to an unpresedented levels, many altcoins may even crash out of the market, while some altcoins may go down to a zero level in my opinion.