Major #altcoins like SHIB, AVAX and UNI bled double digits on Monday, though analysts say there’s “no clear catalyst” other than recent outflows from spot $BTC  ETFs.

“[There’s] no clear catalyst from what I can see, but looks like  negative BTC ETF flows led to weakness in alts which triggered liquidations of leverage long traders in Bitcoin, Ethereum, and  Dogecoin,” Henrik Andersson told Cointelegraph.

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Looks like a tough day for altcoins! Hopefully, they'll bounce back soon. Always important to stay updated on market trends.