$ETH In the past, when the market had real volume, even a small move in Bitcoin would push altcoins higher as well. But now that doesn’t happen anymore. The reason is that the current volume is not real; it is entirely paper volume.

This change started after Binance came under U.S. control. Since then, the volume has been used for liquidations rather than genuine buying, which is why altcoins no longer move the way they used to.