Benjamin Cowen is a widely respected crypto analyst who says that altcoins may collapse by the third quarter in 2025.
Cowen’s new strategy meeting is a great opportunity to learn more about the future of Cowen. tells He told his 874,00 YouTube subscribers that altcoins will likely continue to fall during the third quarter of this year as they are very closely tied with Bitcoin’s movements.BTC).
He believes that altcoins are likely to recover around November.
“I think at some point this year, [altcoins are] probably going to break down… And maybe [they’ll] do that this summer and then we’ll see them sort of bounce back up later on this year, something like where they come down here and then maybe go up. Remember, [the] big move by alt/Bitcoin pairs in 2017 didn’t actually occur until November so you have to remember that.”
Cowen’s chart, which examines TOTAL3 – an index that tracks the total value of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins – appears to suggest that it will fall below the 0.27 line when paired against BTC. TOTAL3/BTC sits currently at 0.47.
Altcoins have collapsed in previous cycles, when the TOTAL3/BTC reached the area of 0.27.
Cowen says that altcoin’s health is dependent primarily on BTC. It could also be influenced by the 10-year Treasury yields, as they often indicate the risk appetite of investors.
Bitcoin will lead the way if it reaches a new high in a cycle. This means that March’s fate for altcoin markets is solely dependent on Bitcoin. If Bitcoin goes up, they’ll go up too…
This is what we have been watching – if Bitcoin collapses, it will probably coincide with a rise in the long end yield curve. You can see that the 10 year yield was one of the factors which led to Bitcoin consolidating. [previously] The 10-year yield surged and eventually broke down.”
Bitcoin currently trades for $96,637, an increase of 1.3% over the past day.
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