What do you think of bitcoin capitalization?

[Ambatman]

Though correct it would be better if you used market dominance since it measures it's weight in relation to the market.
And No I don't think Bitcoin dominance would go that low.
It did then during bull when people got interested with new coins flying out
But now they understand it's just pump and dump
So dominance is fought by altcoins among themselves not really with Bitcoin
Especially in bear market where Bitcoin -10% is like their -25%

[hostm]

I'm afraid of Chinese manipulation. Look at the 100 richest Bitcoin addresses and tell me which one is the largest. They never stop manipulating Bitcoin, but their own coins are more important to them. Or do you have another answer to the question of why the two leading Chinese cryptocurrencies have outperformed Bitcoin in returns for years?

[Cryptomultiplier]

In previous bear markets bitcoin capitalization fell to 40 %. Why in this crypto bear market bitcoin capitalization doesn't fall to 40 % again? Will it fall in the coming months or it will never fall so deep again?

It is quite possible that Bitcoin would require a new bull market, but for now currently, we see that the likelihood of Bitcoin being dominant is higher and closer from 45%  -50%, rather than 40% as claimed due to institutionalization ongoing by some major countries including Denmark of recent.
The only time Bitcoin dominance falls to this 40% is when altcoins are rising but in a bear market, it would mean Bitcoin showing strong signs of weakness and losing its status as the industry 's anchor when it comes to crypto currency as while.
In all reality, never say never!

[hd49728]

The only time Bitcoin dominance falls to this 40% is when altcoins are rising but in a bear market, it would mean Bitcoin showing strong signs of weakness and losing its status as the industry 's anchor when it comes to crypto currency as while.

In bear markets, Bitcoin lose less than altcoins and it is more severe with total altcoin market cap as during two years of bear market, altcoins not only lose more in prices and market cap than Bitcoin does but many altcoin projects even completely die and their market cap disappear from total altcoin market cap.

This complete deaths and market cap losses of many altcoin projects during each bear market surely makes total altcoin market cap drops further than what Bitcoin market cap loses. It's no doubt about Bitcoin dominance will increase in bear market as history shows that and altcoin projects simply are the same in bull market and bear markets. They are abundantly launched during each bull market and mostly die or abandon in each bear market.

In this market cycle, and coming bear market years, it will repeat similarly and there will be nothing different from altcoin projects.

[TastyChillySauce00]

In previous bear markets bitcoin capitalization fell to 40 %. Why in this crypto bear market bitcoin capitalization doesn't fall to 40 % again? Will it fall in the coming months or it will never fall so deep again?

Because nobody really but altcoin anymore and the chart you've shown is BTC dominance which basically just BTC market cap against Altcoins market cap.
It's always bitcoin, gold, silver, or tech stocks these days. Nobody with big enough money is rotating to altcoin resulting in BTC's dominance rarely going down again. In short, altcoin is doomed.

[summonerrk]

In previous bear markets bitcoin capitalization fell to 40 %. Why in this crypto bear market bitcoin capitalization doesn't fall to 40 % again? Will it fall in the coming months or it will never fall so deep again?

Cap +1% , нo -28 for year.
Prices have been trading sideways for several days, and sentiment remains in the extreme fear zone, largely due to uncertainty.
Negative funding rates, rising BTC inflows to exchanges.
After a significant decline in open interest in derivatives last week, traders are again increasing leverage, which, given this sentiment, makes the market sensitive to negative news.
Binance added another 4,545 BTC to the SAFU fund and closed the $1 billion transition from stablecoins to BTC. SAFU now holds 15,000 BTC (approximately $1 billion at a price of $67,000).
Standard Chartered lowered its Bitcoin price forecast for the end of 2026 from $150,000 to $100,000, warning of additional risks.
The market is in the process of capitulation.  Short-term risk of further decline, but such levels often mark local/global bottoms.
The current weakness in the crypto market is a combination of internal cycle exhaustion and high uncertainty in external markets:
After a powerful ETF rally, institutions began reducing their positions.
Major exchange flows (Binance & Bitfinex) initially increased selling pressure, and after the dump, they squeezed spot liquidity.
A trend reversal is possible with stable ETF inflows, a new powerful buyer, and strong narratives within the industry itself that attract external capital flows.
Key drivers:
February 13th, monthly/weekly options expiration and US inflation data.