That characterization doesn't really tell the whole story though. By my reading of this chart[1] altcoins went from ~15% of the total market cap to ~62% before

That characterization doesn't really tell the whole story though. By my reading of this chart[1] altcoins went from ~15% of the total market cap to ~62% before falling to ~52%. That's still a lot more of the value in altcoins than at the beginning of the year. 1: https://coinmarketcap.com/charts/#dominance-percentage https://coinmarketcap.com/charts/#dominance-percentage