In previous cycles, BTC strength was positive for alts because the pool of buyers was crypto-native and you could reasonably assume they’ll roll profits and rotate to other stuff eventually So a lot of altcoin front running would take place and BTC pullbacks/consolidations provided good opportunities to buy alts BTC strength would create a ‘wealth effect’ for crypto as a whole and the velocity of money would go up across crypto as a whole This cycle, the pool of buyers are primarily BTC-focused and don’t care about altcoins There’s no direct wealth effect to benefit altcoins, so the non-BTC crypto natives end up PvPing themselves to front run a rotation that hasn’t happened There’s an important lesson here: We were tricked and we fell for it. Investigate Michael Saylor immediately.