It's understandable why BTC whales are converting to fiat, since they're dipshits and they think BTC will become worthless all of a sudden on Aug 1, buy why are these same whales draining ETH and LTC? Do they not understand that they're on different blockchains than BTC?
BTC is king BTC rules the market.
If BTC takes a hit the confidence in the whole market decreases.
Most coins are only traded against BTC.
> ITT newfag underestimates Bitcoin