Now BTC dominance at range of 55-60%. last 2 weeks gone bloody red. i saw panic selling most are. In coming months BTC profits should come to alts and BTC dominance can be lower 35%. so alt coins prices will 3x-10X from current price.
keep in mind all the coins not perform in same way.
most of the newbies, dont know what is going to happen in next months.
If you refer twitter , you get panic quickly.
Panic selling is part and parcel of this crypto market, but one thing I believe why it's happening mainly on alt coin is because alt and meme coin falls more than they rise, so they knows very well that it might not recover if it falls too deep, so the panic selling is actually worth it.
Look at all the alt and meme coin that fell, not every one of them respond to Bitcoin upward movement, that shows that alt and meme coin cannot be trusted when holding it for a very long time.