It's better to look at them separately.

btc belongs to the US stock market, dominated by macro and fundamentals, representing the basic market of the entire cryptocurrency space.

alts belong to market makers, dominated by liquidity.

Currently, this typical btc correction with relatively strong alts is a situation that only occurs in a typical bull market.

This is one reason why each altcoin season often happens after btc has been moving sideways or even experiencing a significant correction.

As long as btc doesn't undergo a fundamental trend change, alts will maintain a rising trend, leading to a situation of being 'stuck'.

Right now, market makers are heavily taking advantage of the emotions brought by btc's rise, the liquidity is good, they are protecting the market, making markets, driving prices up, and creating situations of being 'stuck'.

In the end, they still need to offload to those who entered at high positions.