Benjamin Cowen Says Crypto Rallies Are Now Tactical as Macro Liquidity Stays Tight
Cowen sees Bitcoin in a post-cycle phase where tight liquidity and weak demand favor short-term rallies over sustained growth. Crypto markets may be entering a period where rallies are shorter and more selective, according to analyst Benjamin Cowen. In his latest Crypto Macro Risk Memo—Q1 2026, Cowen argues that Bitcoin and the wider market have...
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