Alts vs BTC: A Brutal 4-Year Downtrend.What you’re looking at is the Ratio of Total Market Cap (Excluding Top 10) to BTC - and it’s been in a relentless downtrend since the start of 2022. That’s nearly 4 years of consistent underperformance from smaller altcoins relative to Bitcoin.
We’re now approaching the final demand area around 0.0