Altcoin dominance has dropped to its lowest level in five years—a telling sign of where capital is flowing right now. Bitcoin is pulling the lion's share of investment activity, leaving most alternative coins in the dust. When you see this kind of concentration, it typically means two things: risk appetite is shifting toward the safer bet of Bitcoin, and the broader altcoin market is struggling to attract fresh momentum. Whether this trend continues or reverses will likely hinge on macro conditions and how well altcoin projects can differentiate themselves.