I think the market cycles are driven by the fiat on and offramping potentials. You have seen a huge capital flight from the market through BTC and ETH (i do firmly beleive this was due to the Asian markets cashing out buying shiny stuff for their digital money due to chinese new year) depressing the prices.

Some ppl took that opportunity to buy back in maintaining top 5 prices roughly within 40% of their previous value).

The current BTC rally is due to ppl who previously cashed out and took profits are driving their cash back into the market buying BTC. Eventually they will be riding this wave until BTC volumes run out of "steem" (pun intended) and will switch to altcoins.

As they switch to altcoins BTC price will not change significantly since they won't be sold for Fiat but exchanged into alts driving the price of alts higher not really affecting the price of BTC itself.

More ppl with fresh cash who FOMO into the market will buy BTC or Ether to fly onto some of the "undervalued" alts maintaining the equilibrium in BTC/ETH price throughout the cycle, but Dominance is going to drop again "shifting the cycle".

I am still flabberghasted by the fact that some ppl still value their altcoins in fiat value. These are not tradable for fiat yet. Therefore their fiat price is irrelevant for a trading decision.

Sorry for my rambling I hope the above makes sense.

i like the content keep up the good work:)