Currently Btc is bleeding, so is Eth and you know the rest, I don't have to tell you what you can see for yourself. However, alts are currently behaving strangely, as in manipulated strangely. You can already see copium posts pop up about how maybe alts are decoupling or finding their own value and supports. I get the need for some hopium I really do, but this is not the time or place tbh.
Anyone can argue that alts are already that 90%+ down that you can expect in a bear winter, but they are showing an unusually slow burn in relation to Btc overall if you factor in the economy and rate hikes. Large institutions are not speculating atm, they are afraid and have pulled the plug for now and taken their profits.
Alts are the least valuable in real world terms from an investors perspective and it looks like they are still majorly overvalued. The world economy is reeling and many alts will be purged once whatever institutions or large retailers decide to stop propping up alts. I'm speculating that this is going to be the harshest bear winter, but that it will also be followed by the strongest bull market. Any ideas?
