No Altseason Yet: Bitcoin Remains the Safer Bet, Analyst Warns
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
