But relatively it's not the case with BTC or ETH. BTC is still tightly confined within 16k and 17k and during that time HIVE was 33 cents but now down to 27 cent, which is almost 20% down whereas other pairs are relatively stable.
HIVE outperformed in this bear run, when BTC was at 22k it used to trade around 0.45. But ever since it broke the 33 cents support level, it has been a bearish story. A great opportunity though for those who wants to bank upon cheap HIVE and simply HODL.
I feel like BTC has found a bottom, but ALTS is poised to go down, at least for another leg. I may be wrong though. Not financial advice either.