I understand the drop of btc, as a result of liquidation. But are you able to explain how this BTC drop immidiatly affects nearly all other coins? Really a lot of the other coins show a very similar (often larger) drop start at exactly the same time and stopping their descend at the same time as BTC. It is unlikely that these experienced liqiudation at the same time.
Nope. Except that the majority of the volume is coins traded in terms of BTC. It's just always been that way in crypto. When bitcoin coughs, altcoins often catch a cold.
Thanks! I expected something like that already and am not that surprised. Only surprised about the very quick responds in the other coins.