After Fed released the minutes of meeting stating interest rates would remain high and there would be no cut, investors started moving their money from ETFs (Crypto) to Stocks and banks, as assets like cryptos perform well only during the time when interests rates are low.
The amount of money that was moved out from BTC is highest on a single day since Dec 19.
Maybe this year dynamic of crypto specially much awaited Alts season and bull run are quite different from the previous cycle.
Do your research and invest wisely.