Usually when there was a correction in the market all of the alt coins and there are thousands of them, would have a large correction but they would bounce back. This time, they're not bouncing back and the reason that is occurring is very simple. Investors have figured out you only need to own two positions to capture 97.5% of all the alpha of all crypto. That's Bitcoin itself and Ethereum. If you own those two, it doesn't matter what happens anywhere else because everything else is moving with a much higher vol to the downside and not recovering anymore because they have no use case.
Usually when there was a correction in the market all of the alt coins and there are thousands of them, would have a large correction but they would bounce back. This time, they're not bouncing back and the reason that is occurring is very simple. Investors have figured out you only need to own two positions to capture 97.5% of all the alpha of all crypto. That's Bitcoin itself and Ethereum. If you own those two, it doesn't matter what happens anywhere else because everything else is moving with a much higher vol to the downside and not recovering anymore because they have no use case. ♬ original sound - Mr. Wonderful
