Data: Bitcoin's market share has remained above 60% for a long time, and similar situations in the past have often led to subsequent surges in altcoins

ChainCatcher news, according to TradingView data, Bitcoin's market dominance (BTC.D) has remained above 60% for most of the past month since it returned to 60% on February 2, currently reported at 61.25%, and the market seems to be at a standstill.

According to analyst ai_9684xtpa sharing historical data, when Bitcoin's market dominance surged above 60% last November, altcoins entered a small bull market. In 2019 and 2021, Bitcoin's market dominance also reached highs of over 70%, followed by a general market rally.