Todays world's economy is not so good. High rate of inflation and many bad things are happen, also cryptocurrency market seems not so good either. But I think it is better to hold bitcoin rather than fiat as government seems that can't do something significant improvement on economic growth.
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What we are experiencing now in the cryptocurrency market is not only there, it's a global effect because even if you take a look at the stock market, they are also bloody.
So for me, seems this is normal in cryptocurrency and I agree with you as buying Bitcoin is better than buying any random altcoins. I already experienced this before, during bear market season, don't attract those super sale altcoins because later on, you will realize that it is much better to buy Bitcoin than those altcoins.