Bitcoin's dominance has started to decline and is on its way to collapse, which means that traders have begun to withdraw liquidity from Bitcoin and pump it into alternative currencies. This will cause an explosion in the alternative currency market.
Because just a small amount of liquidity in these currencies makes them rise at very high rates, unlike Bitcoin, which requires very high liquidity to achieve the same rate of increase.
So why is Bitcoin's price increasing even though its dominance is decreasing? The reason is, in short, (saturation as I explained above). If Bitcoin increases by
5% while currencies like $ETH or $SOL or $ID are increasing by rates of 20% or more, then here Bitcoin's dominance decreases proportionately.
People have made profits from Bitcoin and have started to pump them into different currencies to achieve new profits, and so on.
The decline in Bitcoin's dominance = the rise of alternative currencies.
