The total market cap of crypto excluding BTC has been choppy over the first week of October. While this was happening, BTC dominance started to sneakily creep up. Watching capital rotation from one sector of crypto to another has been key to figuring out which assets are likely to outperform in the short-to-mid term.
Over the long term, BTC dominance is still trending downwards — and it’s very likely to continue trending down as other crypto assets attract capital. However, with BTC finding strength late into the day on significant spot purchases, the odds are in its favor for the up trend to manifest in the near-term.