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Alts are not dead.
I don't care what your feelings tell you...
This chart is tells you the truth of it.
This is TOTAL3ES/BTC.
It is essentially all altcoins minus stables, divided by BTC.
What we can see is that this is currently at cycle lows for this chart.
It is nothing like previous cycle highs.
What we have here is a very tight accumulation and bottoming zone for alts against Bitcoin.
And we can see from 2020, once it decides to move... it moves fast.
I cant tell you when it will happen...
But I can tell you that we are within the total bottom zone for alts against Bitcoin.
And what comes next isn't lower for them.