Since last few months almost majority of trader/Investor are seems like hopeless or bored from this dead marked, Expect whales or manipulator. Here are many are at safe side by making some decent moves during a little recovery season, But still a majority of peoples are in extreme loss or average loss. Here is many aspect behind the all scenario. A few are following:
a) We always expect a big hit and don't trade according plan.
b) Many strong projects are effected due to shitcoins performance.
c) Altcoin will still remain dead due to Bitcoin's FOMO
d) Worst reasoning why Alt market will not be bounce back at the position where it was before all this mess is
Most project dump their whole supply in market on its investors.
I think it's more on (c), altcoin investors are shifting to
BTC because there's where the money is.
The project dump though has been exposed already since April of 2018, many of them dump so I don't think projects now are practicing it because the price is already low. Majority as still in the -60% to -90%, so it's a long way to go before we can see an altcoin market bounce.