Recently, BTC and ETH have been moving back and forth, while mainstream coins are relatively stable. The reason is simple: institutions and whales mainly hold these two, and they are the first to sell off when something happens. Most large liquidations you see are concentrated in BTC and ETH.

Many mainstream altcoins, after a sharp decline, start to consolidate because institutions don't hold much in these coins. Once the selling pressure is released, control becomes more concentrated, making it easier to stabilize or even rebound first. The previous several market crashes followed a similar pattern.
Now, betting on BTC dropping below 60,000 and crashing to around 50,000 seems like a low-probability event. If BTC rebounds to the 74,000–75,000 resistance level, mainstream coins have more room to rebound.
The US stock market is still oscillating upward, and after enough sideways trading, the crypto market is likely to see a rebound first, then observe whether new lows are made.