There are many out there grave dancing on alts right now.

And that's expected.

Alts have been dominated by Bitcoin for years in a liquidity strapped environment.

But this is how the emotional curve of investing ruins people.

Let me explain...

You have Asset A at the highs, and asset B at the lows.

Owners of asset A are euphoric, and they victory lap their own asset and grave dance on Asset B to make themselves feel superior.

Owners of Asset B are sad and emotional, and seeing all of the FUD about their asset and the green candles of Asset A.... they capitulate ad chase, hungry to get a win.

Selling Asset B at a loss and buying Asset A at the highs.

Only to get dumped on as Asset A drops from the highs and Asset B pumps from the lows.

That is where alts are right now in comparison to other assets. They are Asset B.

This is chart TOTAL3ES/BTC btw.

Its TOTAL3 Excluding stables coins.

It shows the strength of alts, without stablecoins, against Bitcoin.

I will let you decide in which position you think it is in.