If anyone hold altcoins under top 300 rank in crypto market for long term, then i agree that those will bounce back with btc even if dump hardly. Cause those altcoins has big marketcap and less possibility to scam. On the other hand, if anyone hold shitcoin, then this Process isn’t going to work cause those will be dead and turn into trust and most of those kind of altcoin never able to touch their ATH again. those will start disappear gradually
Noone is going to HODL forever, there will be some price points everyone will agree to take profit. It is all about demand and supply, price should be enough for seller to take profit. Liquidation points are usually around resistance, so it will be down sooner or later for all cryptocurrencies.