Benjamin Cowen Reveals Why The Altcoin Season Never Came
BeInCrypto
Benjamin Cowen argues that the lack of an altcoin season in 2025 resulted from Bitcoin peaking on apathy amid a late-stage business cycle.Summary
Benjamin Cowen, founder of IntoTheCryptoverse, explains that the anticipated 2025 "altcoin season" failed to materialize because Bitcoin peaked on market apathy rather than investor euphoria. Unlike previous cycles where retail excitement triggered capital rotation into high-risk altcoins, this cycle faced a "late business cycle" environment characterized by tight liquidity. Cowen highlights that this macro context, mirroring the 2019 period, discouraged speculative risk-taking, leading to a relentless decline in altcoin market dominance as investors prioritized safer assets like Bitcoin.
(Source：BeInCrypto)