Some quick comparisons to last cycle and this cycle,
Timing compared to last cycle shows we are in the date range for the bear cycle to be confirmed.
Points of similarity's:
-Halving may have significant impact in timing to reach ATH again
Points of difference:
-Last cycle didn't have as large of a 'false bottom'.
-Confirmation of bear for last cycle was on...
Sometimes the simplest solutions that make the most sense:
BTC's diluted dominance comes with market irrationality in a bull market due to unrealised valuations, market expands and contracts towards its truer valuation when BTC dominance is at its highs.