I disagree. Unless bitcoin starts to plummet, people are still going to use it as a store of value--and that's only if altcoins don't plummet right along with it, which would most likely be the case.
A reasonable option for most of them for now is to buy stablecoin as a mean of securing capital during bitcoin correction. It is normal when bitcoin experience a correction, the market capitalization of altcoin also experience a correction so that stablecoin become a temporary choice before starting to enter again to buy bitcoin. However, this strategy may not be for long-term holders and only for day or seasonal traders.
they will only park money as long as corrections occur on stable coins. indeed most of this happens to short-term traders, because the practical option is to sell them and place them on stable coins, when the correction is enough, they will go back into the market and buy them and get more coins, but there are also those who buy gradually, fearing that the price will continue to correct, until they get the best price before a reversal occurs