The alternative currency index is currently at 28, after previously reaching 92, it dropped due to a strong correction.
At that time, Bitcoin broke the 70K peak and altcoins started to rise, but it later turned out that it was not the true peak.
The correction was sharp as if it were a bear market, so liquidity fled from the altcoins and the index dropped.
Now, as soon as Bitcoin achieves a new peak, a massive influx of liquidity into altcoins is expected.
But be cautious, the same scenario could repeat itself, so take your profits gradually.
