Everything is red because btc is dumping, after btc dump there is a btc pump so alts will continue to fall. Only when btc stabilise alts can grow. Don't forget that.
100% agree.
also don't forget about all the altcoin bag holders who are now waking up to see their "portfolios" all in red big time. each going down 20% or more over night sums up to a huge amount. now they will start their panic dumping journey to get rid of their "portfolio" and that can potentially crash the market even more.