Bitcoin looks set to keep outperforming altcoins in the near future, according to crypto analyst Benjamin Cowen.
Cowen pointed to a key sentiment indicator — the social risk metric — which shows that interest in altcoins is fading fast.
He explained that Ethereum often acts as a barometer for the broader altcoin market. As ETH struggles, overall enthusiasm for crypto weakens, and altcoins typically lose ground to Bitcoin.
Recent drops in Ethereum’s price have coincided with a sharp decline in social media engagement around crypto, reinforcing his view that altcoins will likely continue underperforming.
However, Cowen notes that the situation could eventually shift. He believes a loosening of US monetary policy could breathe new life into altcoins.
But before that happens, he says the markets need to endure more economic pain — a necessary step, in his view, before policymakers respond by easing financial conditions. Until then, he expects Bitcoin to stay dominant as investors shy away from higher-risk bets.
Cowen also pointed out that while many traders remain eager for an “altcoin season,” the broader environment isn’t supportive yet. In his view, hopes for a rapid rebound are misplaced without significant changes in economic policy, and for now, the safest play remains sticking with Bitcoin as the market weathers ongoing volatility.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/no-altseason-yet-bitcoin-remains-the-safer-bet-analyst-warns/