Renowned cryptocurrency expert Benjamin Cowen has recently brought attention to the risks present in the altcoin market. In his latest analysis, Cowen has pointed out that altcoins are showing signs of weakness when compared to Bitcoin, potentially hinting at an upcoming crash. With an audience of nearly 800,000 subscribers on YouTube, Cowen has highlighted that all altcoins, excluding Ethereum and stablecoins, are experiencing a decrease in value against Bitcoin.

Cowen utilizes the TOTAL3 chart to evaluate how altcoins are performing in relation to Bitcoin. His analysis indicates a downward trend for most altcoins, which could lead to a significant crash in the near future. According to Cowen, there are very few altcoin projects showing any signs of reversing this trend or not hitting new low levels.

Drawing comparisons to patterns observed in 2019, Cowen suggests that the current cycle in the altcoin market may mirror the TOTAL3/Bitcoin pattern seen two years ago. As appetite for altcoins typically decreases during the summer months, Cowen predicts that altcoins have already reached their peak and will soon start declining again. This could potentially result in a final capitulation in the market, with Bitcoin's dominance increasing.

While how investors in altcoins react to Cowen's assessment is crucial, it is essential to remember that these are just predictions. Market history may not always repeat itself, and recent corrections in altcoin projects have already taken place. Additionally, given the possibility of interest rate cuts in the US, investors should take into account various factors when evaluating their cryptocurrency investments.