It appears, dear reader, that the great tides of capital are swiftly shifting from that most revered of cryptocurrencies, Bitcoin, into the equally admired realms of Ethereum, as evidenced by those lofty âwhalesâ opting to relinquish their beloved BTC in favour of the charming ETH. And lo, one might consider the influx of institutional grandeur into Ethereumâs exchange-traded funds, which seems to considerably surpass that of our steadfast Bitcoin. Yet, caution is advised, as some analysts with overly serious faces caution us that this trend may prove ephemeral.
New discoveries, as they are wont to do, suggest the potential for this financial flood to indeed reverse its course.
The Eternal Rotation Back to Bitcoin
One Benjamin Cowen, the distinguished founder of IntoTheCryptoverse, posits that Bitcoinâs dominance is verily on the precipice of finding a suitable nadir, poised to ascend once more, regardless of the immediate fortunes of BTC. In his most recent communication upon the platform X, Mr. Cowen has laid forth three delightful scenarios, all of which, upon examination, seem to historically favour a rise in Bitcoinâs supremacy.
In the initial scenario, should Bitcoin deftly rebound from its 20-week simple moving average (SMA) to ascend higher, it would facilitate a delightful lead for the market, reminiscent of the historic escapades of 2017. Such a turn of events would inevitably result in capital scurrying forth from altcoins and into Bitcoinâs embrace.
The second scenario posits a less fortuitous outcome; should Bitcoin falter at the 20W SMA and instead plummet towards the 50W SMA-as *unfortunately* witnessed in Q3 of 2024 and Q1 of 2025-altcoins would suffer disproportionately larger losses in comparison to BTC, thereby further securing Bitcoinâs dominion.
And lastly, we come to the third prospect, wherein Bitcoin languidly consolidates around the 20W SMA for a protracted period akin to the lackluster tableau of 2020. It is in such stagnancy that altcoins are known to wither slowly against the resilient BTC, again rendering Bitcoin the darling of dominance.
Our esteemed analyst’s principal counsel remains: irrespective of whether Bitcoin finds itself ascending, descending, or indulging in a languorous pause, the altcoins are grievously susceptible to losing ground. Mr. Cowen firmly believes that this sets the stage for a most climactic âfinal rotationâ into Bitcoin during this most intriguing market cycle, thereby confirming its preeminence as the asset destined to seize the leader’s crown.
Bitcoinâs Imminent Meltdown (In a Good Way!)
In conjunction with these trends of dominance, one must also consider the seasonal whims in play. September, as we well know, has historically presented considerable challenges for Bitcoin, closing in a most unfashionable red hue in 8 of the last 12 years. Yet, the enigmatic pseudonymous trader, Axel Bitblaze, asserts that we may witness a most refreshing departure from this dreary pattern.
They have drawn attention to unmistakable structural tailwinds aligning in a manner decidedly different from the past; Bitcoin ETFs are steadily and dutifully absorbing supply, interest rate cuts are flirting coyly on the horizon, and global liquidity is purportedly improving. These fortuitous circumstances could, perhaps, offer BTC a cushion against the usual September malaise. However, Mr. Bitblaze has been careful to acknowledge the potential for a bit of early-month volatility or even a somewhat lamentable dip, framing it, in what one can only presume is an optimistic tone, as a setup rather than a dismal breakdown.
By drawing a rather amusing parallel to 2017, Mr. Bitblaze suggests that if history chooses to be playful, the truly theatrical movements for our dear cryptocurrency could unfold after September, thereby setting the stage for a robust rally in the fourth quarter. Traditionally, this quarter boasts the most bullish of spirits for BTC, implying that this rather gloomy âRed Septemberâ might well give way to a jubilant âmelt-up.â
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2025-09-01 16:04