Bloodbath...
1) Oversold market
2) BTC at a steady decline
3) ALTs on desperate declines & panic selling
4) RSIs on constant low levels
5) Huge number of new coins entering the market every month = capital diversification making pumps harder/rarer
6) BTC dominance is still large
7) BTC halving had already been priced in since January (or earlier)
8) Market pump is possible but may take anywhere from 7-14 months