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
It's because so much of altcoin market cap is made up of bitcoin pair trading, so a significant portion of the market cap is denominated in bitcoin and translated into USD equivalent. Therefore, when bitcoin falls all alts tend to follow suit if they have a significant portion of their trades done in bitcoin. 99% of altcoins are pure trash anyway, I'm not sold on the concept of "alt coin season" even being a thing.