Yes that is true, this bear-dumping trend has been now lasting for a while and i am afraid it is not over yet.
Its not the price that what worries me, it the buy ask volume that is keep getting lower and lower.
It's surely does not bring confidence among investors.
People are riding the BTC wave prior to the split by getting out of whatever alts they were holding. 13-14 days till the split, then alts should bounce back
I have heard the split is actually projected on or around October 24th, so it might not be that much longer. The alt markets should recover quite a bit after that. Good time to gather some Onions.