Popular crypto analyst Benjamin Cowen has reiterated his previous stand that Bitcoin (BTC) dominance is going to rise regardless of its price action.
Cowen wrote on Oct. 3 that altcoins will likely drop another 30% against Bitcoin over the coming weeks. Then, he reshared his previous post that Bitcoin dominance should go up.
Bitcoin dominance is a metric used to measure the relative market share or dominance of Bitcoin in the overall cryptocurrency sector. It represents the percentage of Bitcoin's total market capitalization compared to the total market capitalization of all cryptocurrencies combined.
The metric has broken through 60% and should continue much higher, Cowen said . A user said that Bitcoin dominance is rising because though liquidity is flowing away from BTC, it's flowing away faster from altcoins.
Cowen responded that liquidity can flow to BTC during both rallies and dumps.
Bitcoin dominance will climb whether the asset itself rises or falls, he reiterated and predicted that BTC will likely rally during the fourth quarter, though the next year is a bear market.
A user complained that Cowen always talked about BTC, mocked altcoin holders, and rarely mentioned precious metals like gold. The crypto analyst said that he was merely sharing his market predictions. BTC will top in Q4 and altcoins will "bleed" to BTC, he emphasized. He agreed that metals are bullish.
"You view it as mocking because you are emotional about your own positions," he added.
More News:
Crypto market bleeds
The total crypto market cap has slipped 1.5% in the last 24 hours and stood at $3.4 trillion at press time.
BTC slipped below $100,000 for some time yesterday and was exchanging hands at $102,577.90 at the time of writing, down 1.3% in a day.
Altcoins are bleeding worse. Ethereum (ETH) is down around 4.5% in a day, trading at $3,340.44. SOL has dropped 1.8%, trading at $158.15. XRP is rather flat, trading at $2.24.
This story was originally reported by TheStreet on Nov 4, 2025, where it first appeared in the Business News section. Add TheStreet as a Preferred Source by clicking here.
