These charts represent TOTAL 2 (which shows the market cap of the crypto market, excluding BTC) and BTC.D (which shows the dominance of BTC) in the crypto market.
Note that we had a huge bullish pivot in TOTAL 2, and the altcoin market is booming, reaching 1.49 trillion dollars.
In addition, the chart BTC.D clearly shows the decline in BTC dominance, which means more capital is flowing into altcoins.
Remember: this analysis is for educational purposes. Always make your own assessment before investing.