I still think that BTC didn't yet hit it's ATH for this cycle. I see it going to 150k or even 180k before the bear market. Big whales however have other plans, after making good profit with BTC they decide to move to other assets like ETH in order to get even more profits, it is a good sign for the altcoin season, if it will come this cycle as well it will be big, maybe bigger than ever, we will see.

The risk of converting BTC to other altcoins is that you may be forced out of BTC forever, in case it will only grow, leaded by different governments adoption that we are seeing.

Time will show us what the right decision was.