whales sell on rumor ,and they were gone now. good fundamental was not enough to againts market sentiment which is controlling by seller. alot good coins that have strong fundamental but price continuely down for a while, need bitcoin price spike as trigger altcoin price movement. without it, market recovery will be hard to start.
And Bitcoin won't be going down for too long as it is now so there is still hope for all altcoins for the next spike because Bitcoin has corrected so many times every year.
But it also doesn't last too long in the correction because the recovery is always faster for Bitcoin in the market.