Some might say, this will finally stabilize BTC to some extent. While that might sound correct.
Im worried from what i could see online, the vast majority of people who hold crypto see it as a speculation market where each person thinks of becoming a crypto millionaire.
If BTC losses its speculative potential by stabilizing. Many people might just sell their BTC and buy some other coins to play with.
The halvings should help the lows from hitter hitting lower.
And you are correct, most people just see bitcoin has "number goes up".. theres a lot more to it than just that.
Yeah the BTC dominance shows when people move their coins into alt coins.. but recently people have been moving more into BTC it seems.