Bitcoin dominance is a worthless, misleading nonsense of a metric.

It is hypocrisy to tout it as being relevant when bitcoin's dominance is rising, and then to dismiss it as irrelevant when it drops.

There's some comments on this in another post, found here on SN:

Why Is Bitcoin Dominance So Much Lower Than in Previous Bear Markets? #105359 https://www.coindesk.com/podcasts/the-breakdown-with-nlw/why-is-bitcoin-dominance-so-much-lower-than-in-previous-bear-markets [Archive]

And

Bitcoin Dominance #109011

BTC is just King...