Do you think it ever going to be recovered and if you think, yes, then how long?
I think not everyone loses confidence in the altcoin. Instead they take this good opportunity to buy potential altcoins because the price is still cheap. Don't worry too much and panic if you want to improve. The important thing is not to buy bad coins, buy good coins and potential such as ETH, BNB, TRX, etc.
Are you sure about this? Because the trading volumes indicate something else. Coins such as BNB have lost more than one-third of their value (vs BTC) during the past 7 days. If there was a lot of demand for BNB, then this would have never happened. The daily volumes have remained higher than the average and the most popular trading pair was BNB-BTC. Only one conclusion can be drawn from this data. And that is, users are selling their altcoins to purchase Bitcoin.