We conducted a detailed analysis to identify the moments of significant drops in Bitcoin dominance during the final phase of the bull run:

Additionally, we compared cycles to understand where these downward movements in dominance began:

From this, we can conclude the following points:

• All drops in dominance occurred after Bitcoin price peaks.
• In the previous cycle, dominance declines happened in succession, with very short intervals between events.
• In the 2017 cycle (in orange), the first drop occurred as the price approached the ATH (all-time high) of that time, and the second occurred after the price reached the cycle’s peak value.

Do you know why a sharp drop in Bitcoin dominance is often seen as a negative signal for the market's health?

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