It is essential to look to the past to see where the future may go. In traditional markets, there is always a pattern of up and down movements. A current flaw within the cryptocurrency space is individuals believing in patterns that have not stood the test of time.
In the past, when Bitcoin would have significant gains, we would see people take profits and push them into Alt Coins. This lead to an increase in both BTC and alternative coins over time. The difference now is that BTC can be volatile while the rest of the market stays stagnant. With an increase in liquidity in fiat and stable coins, there is less risk for traders if they avoid Alt Coins all together.
Alt Seasons are a thing of the past and the next season is Utility Season. Utility season is when coins prove their use cases or are left in the dust.