Crypto analyst widely followed, Benjamin Cowen, says that altcoins are likely to collapse in the third quarter of 2025.
In a new strategy session, Cowen tells its 874,000 YouTube subscribers to judge by previous cycles, altcoins probably have another leg to descend during the third quarter, because their movements are largely associated with the action of Bitcoin price (BTC).
He says that around November, it is when Altcoins can set up their recovery.
“I think that at some point this year, (Altcoins will probably break … And perhaps (they) will do it this summer and we will see them somehow bounce back later this year, something when they come Here and perhaps come.
Cowen’s graph, which examines Total3 – an index that follows the total value of all digital assets excluding Bitcoin, Ethereum (ETH) and Stablecoins – seems to suggest that it will fall below line 0, 27 When associated with BTC. Total3 / BTC is currently at 0.47.
In previous cycles when Total3 / BTC hit the area of 0.27, the Altcoin market collapsed.
Cowen continues by saying that the health of the Altcoin market largely depends on the BTC, and potentially yields in treasury bills at 10 years which often reflect the appetite for the general risks of investors.
“If Bitcoin breaks out to a new high cycle, then I think Bitcoin would conduct this movement, therefore the fate of the Altcoin markets in March simply depends on Bitcoin. If Bitcoin goes up, they will also go up …
If Bitcoin breaks down, I think it will probably correspond to a push perhaps in the long end of the yield curve, and that is something we have followed. If you really look at the yield in 10 years, one of the things that has really caused a kind of consolidation (previously), then decompose has been a survey of yield at 10 years. »»
Bitcoin is negotiated at $ 96,637 at the time of the editorial staff, a gain of 1.3% in the last day.
https://www.youtube.com/watch?v=zovqcpolgim
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