Remember there is only one king of crypto market and that its bitcoin. Rest all alt coins are like followers of bitcoin. When bitcoin goes up alt coins goes up and vice verse. Alt coins are not in a position to move the market on there own.
Yeah, as per many veteran members of this forum, we do not need any altcoin investments as bitcoin itself got all the power of good returns for our money. I agree with them because as per them we do not need any diversification in this crypto space.
I have always said and I will always say this, the "phenom" that alts go up when btc goes down or btc goes up when alts go down has been broken before 2017 peak and never been the same since those days. But people seem to like to ignore that. Look at the price of top 10 coins in the past year, they all went up, they are all coins that got up together and when there was small corrections along the way they all went down together as well. This is why I think it is quite important to realize that there is nothing we could be doing that would change it. So long story short, we are doing one hell of a job by saying the opposite of what is going on in reality.
I mean if you still think that btc and alts move opposite directions that means you believe bitcoin became 60k so all other coins are few cents now and none of them have good marketcap, you don't? Well that's good because that is not true.