It's true Bitcoin dropped a little bit during the war, but not too hard dump. As we can see, normally Bitcoin is volatile this way. During the war holders become panicked, and it's normal behaviour as well. As a result, Bitcoin dumps a little bit. Where do you find altcoins holding their position? Compared to Bitcoin, which dumped, altcoins dumped more. Altcoins just follow the Bitcoin trend; a few would be different, but we can't use them, for example.
Bitcoin has mini correction while altcoins have crashes and even they all fell down last two weeks, it does not mean they had similar react against war news around the world especially Israel vs Iran war.
This war and its effects on market proves that your portfolio can be well if you hold bitcoins, while oppositely it is not well and actually terrible if you hold altcoins!
Still, you can see even Bitcoin recovered quickly after stopping the war. But alts are still dumped and not recovered yet. I don't know why, but day by day I have been losing faith in altcoins. Once they dump, they are not trying to recover the price. Lately investors seem to be more interested in Bitcoin rather than investing in altcoins. That's the reason why we still aren't seeing altcoin season.
Bitcoin is like a turtle that has good discipline and ability to crawl slowly to finish line, to its end game while altcoins don't have such. Altcoins oppositely only have good classic crashing style that damages many people portfolios. Anyone who have have enough time in this market, through one or two market cycles would easily recognize this fact - that is fortunately no longer hidden - of weal and vulnerable altcoins.
How many cryptocurrencies have failed or died?