The Milk Road Show

Altseason Dreams vs Reality - What the Data Actually Shows w/ Benjamin Cowen

45 snips
Oct 14, 2025
Benjamin Cowen, a quantitative crypto analyst and founder of Into the Cryptoverse, discusses the current crypto landscape. He reveals why many altcoins continue to decline and highlights that Ethereum reaching $5K is a crucial yet overlooked signal for an altseason. Cowen analyzes historical cycles and emphasizes the importance of Bitcoin's and Ethereum's performance for future market movements. He predicts a potential altseason around early November while cautioning against complacency in a volatile market.
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INSIGHT

Altseason Needs A Bitcoin-Led Rally

  • Altseason requires Bitcoin USD to reach new all-time highs while Bitcoin dominance rises simultaneously.
  • Without that BTC-led liquidity rotation, alts will stay devalued versus BTC and likely keep bleeding.
ADVICE

Avoid Rushing Back Into Alts After Crashes

  • Expect defensive rotations after flash crashes that push capital from alts into Bitcoin for weeks.
  • Avoid rushing back into risky alts until the market shows sustained confidence and rotation reverses.
INSIGHT

ETH's Regular Post-Halving Pullback

  • Ethereum routinely drops ~30% from local highs in post-halving years and often finds support at weekly moving averages.
  • Such drops are typically wicks that precede support and later rallies in the cycle.
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