Crypto Analyst Benjamin Cowen Links October 2025 Crash to Long-Building Structural Pressure

Friday, Feb 20, 2026 9:24 am ET1min read
BTC--

Crypto analyst Benjamin Cowen attributes the October 2025 market crash to long-building structural pressure in the crypto market, including tight global liquidity, weakening market breadth, falling participation, and a maturing Bitcoin cycle. The crash was not caused by a single event but was instead the result of these pressures building up over time. Cowen notes that the market's weakness quickly surfaced when these pressures aligned.

Crypto Analyst Benjamin Cowen Links October 2025 Crash to Long-Building Structural Pressure

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