This isn’t a new cycle- that’s why alts are “leading”. They aren’t actually leading though, this is the tail end of the cycle that began in 2017 and up until now BTC HAS been leading, as it always does. Now that we are in the final innings of this multi year cycle it’s finally time for alts to catch up. So they aren’t leading, they are actually following BTC because we are in the final innings of the cycle that began when BTC rose up off of 3k back in 2018. This is also why we will see the largest altcoin run since 2017- because that was the last major cycle- and alts run hardest at the END of a cycle.