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

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