BlockBeats reports that on May 10, according to TradingView data, Bitcoin's market share (BTC.D) has dropped by 2.5% in the past two days, currently reported at 63.46%. The high observed two days ago was 65.48%.
The high market share of Bitcoin indicates the dormancy of the altcoin market, but it also represents that a market rebound is imminent. According to previous historical data, when Bitcoin's market share surged to 60% last November, altcoins began a small bull market. Bitcoin's market share also reached a high of over 70% in both 2019 and 2021, followed by a general market rally.
