Odaily News TradingView data shows that Bitcoin's market share (BTC.D) has been hovering above 60% for more than a month since it broke through 60% on February 2, and is currently at 61.25%, with the overall market performance being sluggish.
Analyst ai_9684xtpa reviewed the historical trend and pointed out that after Bitcoin's market share reached 60% in November last year, altcoins ushered in a small bull market. In 2019 and 2021, Bitcoin's market share climbed to around 70%, and then the market ushered in a general rise.