Crypto analyst Benjamin Cowen predicts that altcoins are likely to experience a collapse during the third quarter of 2025. He bases this prediction on previous cycles and believes that altcoin movements are closely tied to the price action of Bitcoin. However, he anticipates that around November, altcoins could begin to recover. Cowen's chart suggests that the TOTAL3/BTC index will fall below the 0.27 line, indicating a potential collapse in the altcoin market. He emphasizes that the health of the altcoin market is dependent on BTC and the yields in 10-year Treasuries, which reflect investors' risk appetite. If Bitcoin breaks up to a new cycle high, altcoins may follow suit, but a breakdown in Bitcoin could correspond with a surge in the 10-year yield and potentially impact the altcoin market. At the time of writing, Bitcoin is trading at $96,637, representing a 1.3% gain in the last day.



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