Altcoins Losing Steam as Market Momentum Tilts Toward Bitcoin, Says Analyst

Altcoins may be heading for deeper losses against Bitcoin, according to crypto market analyst Benjamin Cowen, who sees no signs of reversal in the broader trend.

Examining the TOTAL 3 index—a measure of crypto market cap excluding Bitcoin, Ethereum, and stablecoins—Cowen notes a continued slide with no clear bottom in sight.

He views most altcoins as short-term speculative assets that tend to bleed value when measured against BTC over time.

Rather than pinning hopes on isolated altcoin strength, Cowen believes the broader market is shifting, with capital quietly rotating from alts back into Bitcoin.

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A recent dip to new lows in June, he says, invalidates earlier claims of an “altseason” rebound.

His outlook is stark: without a clear structural change, altcoins may continue underperforming as Bitcoin reclaims dominance in the crypto landscape.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.