Altcoins Keep Losing Ground to Bitcoin as QT Squeezes Market Liquidity
- Cowen says altcoin-to-BTC ratio could fall from 0.34 to 0.25 amid QT-driven liquidity contraction
- Bitcoin dominance nears 66% while altcoins face pressure from declining market flows
- Altcoins continue to underperform as Cowen’s chart shows descending triangle breakdown
Crypto analyst Benjamin Cowen expects altcoins to continue underperforming against Bitcoin. He warns the key altcoin-to-Bitcoin market cap ratio could fall from its current 0.34 level toward 0.25, citing ongoing Quantitative Tightening (QT) and declining market liquidity as primary drivers.
Cowen Analysis: Alt/BTC Ratio Chart Signals Further Downside
Cowen shared a chart on X, Cowen tracks the total altcoin market cap (excluding Ethereum) relative to Bitcoin’s. This ratio shows a steady decline over the past year, currently resting near 0.34.
Related: The S&P, Bitcoin Dominance, and a Brewing Altcoin Setup – Here’s What’s at Stake
Cowen believes the next support level lies at 0.32, with a longer-term target of 0.25. The chart shows a descending triangle pattern, which often signals further downward momentum. “With QT continuing, it seems likely that the altcoin pairs again…
The post Altcoins Keep Losing Ground to Bitcoin as QT Squeezes Market Liquidity appeared first on Coin Edition.
Читать больше
Altcoins Keep Losing Ground to Bitcoin as QT Squeezes Market Liquidity
- Cowen says altcoin-to-BTC ratio could fall from 0.34 to 0.25 amid QT-driven liquidity contraction
- Bitcoin dominance nears 66% while altcoins face pressure from declining market flows
- Altcoins continue to underperform as Cowen’s chart shows descending triangle breakdown
Crypto analyst Benjamin Cowen expects altcoins to continue underperforming against Bitcoin. He warns the key altcoin-to-Bitcoin market cap ratio could fall from its current 0.34 level toward 0.25, citing ongoing Quantitative Tightening (QT) and declining market liquidity as primary drivers.
Cowen Analysis: Alt/BTC Ratio Chart Signals Further Downside
Cowen shared a chart on X, Cowen tracks the total altcoin market cap (excluding Ethereum) relative to Bitcoin’s. This ratio shows a steady decline over the past year, currently resting near 0.34.
Related: The S&P, Bitcoin Dominance, and a Brewing Altcoin Setup – Here’s What’s at Stake
Cowen believes the next support level lies at 0.32, with a longer-term target of 0.25. The chart shows a descending triangle pattern, which often signals further downward momentum. “With QT continuing, it seems likely that the altcoin pairs again…
The post Altcoins Keep Losing Ground to Bitcoin as QT Squeezes Market Liquidity appeared first on Coin Edition.
Читать больше