Crypto analyst Benjamin Cowen states that a shift in monetary policy, specifically an end to quantitative tightening (QT) and an increase in the assets on the Federal Reserve's balance sheet, is likely to trigger an "altseason." Cowen notes that in previous market cycles, altseasons did not occur until these conditions were met. He points out that during the current cycle, Ethereum and other altcoins have lost value to Bitcoin, with some even hitting new lows. Despite talk of a "memecoin supercycle," Cowen warns that altcoins continue to underperform and bleed out to Bitcoin.



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