As someone who is permanently skewed towards a long BTC / short altcoins positioning, this scenario is a scary one that could happen again :

In late Feb 2025, when $BTC broke down below its $92k support, it lost almost -20% in 3 days, and surprisingly, the altcoins outperformed during most of that move

One reason for that is that they had gotten destroyed during the previous weeks (there was a massive cascade down on Feb 2 for example), whereas BTC had not capitulated at all before that dump.

I think there is a risk we are going to see the same scenario again (because many altcoins are already rekt, while BTC is chilling above $100k), but it's not my base assumption.

My base scenario is for $BTC to bottom between here and $98k, without a meaningful outperformance from altcoins.