Bitcoin’s (BTCThe recent plunge could have been triggered by profit postings by institutional investors, one said report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and weekly outflows of various crypto investment products.

Crypto market data daily view. Source: Coin360

While the recent 28% drop may have scared some new investors, Bitcoin HODLers probably weren’t impressed Encountered six major corrections during Bitcoin’s massive bull run in 2017. Therefore, describing a 20% decline as a bear market may not apply to cryptocurrencies.

As Bitcoin tries to recover, we’re going to analyze three altcoins that could outperform in the short term.