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Benjamin Cowen, a top-notch analyst and well-known dealer on Twitter, not too long ago shared his insights on the cryptocurrency market dynamics. Underneath the deal with @intocryptoverse, Cowen highlighted the market’s response following the SEC vs. Ripple information.
He noticed that altcoins skilled a major bounce in opposition to Bitcoin shortly after the information broke. Nonetheless, this rally led many within the Crypto Twitter (CT) neighborhood to problem Cowen’s stance on Bitcoin (BTC) dominance.
It seems like Cowen has been ready for the proper second to answer to those challenges – he identified the present state of affairs by asking, “The place are they now?”
He famous that altcoins have collectively declined by 10% since that rally.
![](https://captainaltcoin.com/wp-content/uploads/2023/08/image-377-1024x638.png)
Emphasizing the significance of liquidity for altcoins, Cowen cautioned in opposition to getting swayed by the ever-changing narratives within the crypto area.
In a follow-up tweet, the well-known Twitter analyst supplied a reference by showcasing the #TOTAL3 (ALTs) chart with web liquidity overlaid. This additional underscores the important function of liquidity in figuring out the well being and stability of altcoins.
![](https://captainaltcoin.com/wp-content/uploads/2023/08/image-378-1024x638.png)
Liquidity stays a pivotal issue within the cryptocurrency market, particularly for altcoins. Whereas information and narratives can set off short-term rallies, the long-term stability and development of altcoins are intently tied to their liquidity. Benjamin Cowen’s evaluation serves as a well timed reminder for merchants and traders to look past the quick reactions and give attention to elementary elements.
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