A red day for Splinterlands, Hive and a lot of smaller cap alts

Many altcoins have seen a big rise over the 30 days. Could this be the reason a lot of capital is going into bitcoin as dominance increases. When Bitcoin dominance increases, it means that Bitcoin's market capitalization relative to the entire cryptocurrency market is growing. This often happens when investors are uncertain about the broader cryptocurrency market and seek refuge in Bitcoin, which is considered a relatively safer investment compared to many altcoins. Overall, when Bitcoin dominance increases, it can signal a period of risk aversion and uncertainty in the broader cryptocurrency market, leading to a decline in the value of many altcoins relative to Bitcoin. However, it's essential to note that market dynamics can be complex, and there may be other factors at play influencing the performance of both Bitcoin and altcoins.