This is really bad news for altcoins and it could be a sign of the end of the altseason. If the price of BTC continues to go sideways, altcoins will receive many benefits, but the price of BTC has risen too sharply, which is good for those who want to sell BTC but will be disastrous for investors in altcoins.
The risk of a market-wide decline increases as a majority of people begin to liquidate crypto assets. I really don't want BTC to go past 60K USD now.