I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit. Even those coins whos projects have nothing to do with bitcoin like Vechain.
I really feel like we've hit the market cycle top earlier than expected tbh
To me it looks also like a fairly high correlation between alt coins and bitcoins. If there were a big drop in bitcoins then I don't think that alt coins would start to rise. Most of the investors are holding bitcoins and alt coins. So it one position would go down I don't think that selling it and going into another coin would happen. If a big price drop would occur overnight then most of the investors would likely just hold their coins. You don't want to be grabbing a falling knife.