That's right, BTC is a safe asset now because the crypto market conditions are fluctuating heavily. If you hold the current altcoin and bitcoin down then the altcoin will experience a bigger decline than bitcoin. So I now choose to hold bitcoin and wait for the price of bitcoin to stabilize and then buy an altcoin. Because it's useless to hold altcoins now, the price won't experience a big increase when bitcoin rises.
After a quick look at the markets we are seeing the opposite, altcoins are losing less ground than bitcoin, this makes prefect sense, bitcoin was the coin in which most of the money was invested so it makes sense that it is the one that is crashing the hardest, of all the coins in the top 20 only bitcoin SV is crashing harder while the rest of the altcoins are presenting a positive revaluation against bitcoin despite losing ground against tether which is showing the biggest gains, but what does this mean? That an altcoin season has started? A correction has started? Or that a crash has started? No one really knows and that is what makes the market so exciting.