A prominent crypto analyst is sounding the alarm on the fate of altcoins compared to Bitcoin. Benjamin Cowen, known for his insights in the crypto space, has alerted his substantial YouTube following to a concerning trend in the market. He emphasizes the significance of the TOTAL3 chart, which tracks altcoin market capitalization excluding Ethereum and stablecoins, in indicating a looming downturn.

Cowen's analysis reveals a troubling scenario for altcoins against Bitcoin. He notes a pervasive weakness across the board, with many altcoins experiencing new lows in their Bitcoin pairs. According to Cowen, this indicates a potential collapse looming in the coming weeks. He describes the current situation as the "last exit pump" for altcoin/BTC pairs before an anticipated final capitulation, possibly in May or June.

Drawing parallels to past market cycles, Cowen highlights similarities with patterns observed in 2019. He explains how historical trends suggest that altcoin/BTC pairs tend to struggle during the summer months, as investor attention shifts away from the market. This collective disinterest often leads to diminished support for altcoins, resulting in downward pressure on their prices.

Cowen warns that the current bounce in altcoin/BTC pairs may falter, potentially leading to a return to range lows. However, he cautions that this time, there might be no reprieve in the form of another rally. Instead, he predicts a swift descent to around 25% of Bitcoin's market capitalization, indicating a significant downturn for altcoins in relation to Bitcoin.

In conclusion, Benjamin Cowen's analysis serves as a cautionary tale for investors in the altcoin market. His observations suggest a challenging road ahead for altcoins compared to Bitcoin, with the potential for further decline in the coming months. As always, investors should exercise caution and conduct thorough research before making any investment decisions in the volatile world of cryptocurrencies.