I guess two possibilities: 1. The altcoin is really selling chips, preparing to break the new high of BTC (now the altcoin is bleeding, and the altcoin needs to wait for the new high of BTC to recover the blood) 2. The altcoin takes advantage of the situation to whipsaw and accumulate (if BTC rises afterwards, there will be no such good opportunity to whipsaw and accumulate again). 3. If BTC crashes, then the altcoin will almost be wiped out. Since I am in this circle, my position determines that I think 3 is impossible!
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I guess two possibilities: 1. The altcoin is really selling chips, preparing to break the new high of BTC (now the altcoin is bleeding, and the altcoin needs to wait for the new high of BTC to recover the blood) 2. The altcoin takes advantage of the situation to whipsaw and accumulate (if BTC rises afterwards, there will be no such good opportunity to whipsaw and accumulate again). 3. If BTC crashes, then the altcoin will almost be wiped out. Since I am in this circle, my position determines that I think 3 is impossible!