Do you all see how after Bitcoin drops, it leads to large drop in Altcoin fiat price, not necessary bitcoin price. Most traders know Altcoin have two prices atleast, one in USD via Bitcoin, and another in amount of Bitcoin it can be traded. Just before the Bitcoin price rises, you can buy altcoins that lost USD value on previous Bitcoin drop. Then before Bitcoin drops, you sell the altcoins into USD. Do it all over again.
Question would be, when is Bitcon going to rise. U know when Bitcoin hits near $6k or under, it will rise eventually. So you buy altcoins that will rise with Bitcoin, you will find some of them at least on the top 100 list. U know these days, Bitcoin drops around $7k ish. So when it is near or over you may have to think of selling. Due to Bitcoin Option trading, you may have consider the drop will happen sooner or later. Unless there is a special news like SEC approving ETF or USD currency problems. Right now USD is king. Even Bitcoin is hard bent to win against the mighty Dollar.
The same people who are shorting Bitcoin, maybe buying the altcoins to set it up all over again.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.