Altcoin Volume Dominance At Highest Since Jan 2021, Trouble For Bitcoin?

On-chain data shows that altcoin volume dominance is now at the highest level since January 2021, while Bitcoin’s is at its lowest.
Altcoin Dominance By Volume Recently Touched A High Of 64%
As pointed out by an analyst in a CryptoQuant post, Bitcoin’s dominance is just at 16% now. The “dominance by volume” is an indicator that measures the percentage of the total crypto market trading volume that’s being contributed by a specific coin.
When the value of this metric