Benjamin Cowen

Founder & CEO, ITC | Macro, commodities & digital assets | Liquidity, labor & risk cycles | PhD Engineering| Former NASA, Sandia National Labs

[Benjamin Cowen @BenjaminCrypton]

Silver mania continues

[Benjamin Cowen @BenjaminCrypton]

New followers to various layer 1s on X are no where near where they were in 2021

[Benjamin Cowen @BenjaminCrypton]

Here is a 30 day moving average of new followers to various crypto accounts on Twitter (X).

Note the mania of 2021 compared to everything since then.

This shows you why there was never a durable rotation into alts... there was no one here to buy them.

[Benjamin Cowen @BenjaminCrypton]

This is one of the most important charts right now.

If SPX breaks down against Gold, the environment we have found ourselves in for the last decade will completely change.

[Benjamin Cowen @BenjaminCrypton]

Here is a 30 day moving average of views to a lot of different crypto youtube channels.

So it's not just X and an algorithm change.

Viewership to crypto has been dropping across platforms.

[Benjamin Cowen @BenjaminCrypton]

yeah ok.

[Benjamin Cowen @BenjaminCrypton]

😭

[Benjamin Cowen @BenjaminCrypton]

Saw this on Reddit

Another great example of what is causing low social interest in crypto, and it’s not because of the algorithm

[Benjamin Cowen @BenjaminCrypton]

There is always a bull market somewhere

[Benjamin Cowen @BenjaminCrypton]

After the current consolidation, it looks like stablecoin dominance will go higher into the summer months

[Benjamin Cowen @BenjaminCrypton]

Altcoins have now dropped against Bitcoin for 4 years in a row

[Benjamin Cowen @BenjaminCrypton]

Happy New Year Bitcoin!

[Benjamin Cowen @BenjaminCrypton]

Old school thumbnail just for the memories

[Benjamin Cowen @BenjaminCrypton]

Good chance #ETH spends some time in its lower regression band in 2026 before expanding out of it in 2027/2028.

According to this model, the current "fair value" of ETH is $1987.

[Benjamin Cowen @BenjaminCrypton]

When you look at the valuation of Bitcoin against Gold, Bitcoin topped in December 2024.

[Benjamin Cowen @BenjaminCrypton]

Metals finally taking a breather

[Benjamin Cowen @BenjaminCrypton]

If you are bored by #BTC price action, this is also how it felt in 2019.

Bitcoin topped in June 2019 just before QT ended in August and then the market just slowly trended down for a while.

However, the drop was not as fierce as bear markets that topped on euphoria (2017, 2021)

[Benjamin Cowen @BenjaminCrypton]

Palladium's second rejection of $1900 suggests longer consolidation will likely be needed

[Benjamin Cowen @BenjaminCrypton]

Silver is now at $78 🔥🔥🔥