Ben Cowen: Purging altcoins is a necessary condition for a bitcoin bull market

Researcher and market analyst Ben Cowen stated that the clearing of millions of altcoins has already begun, which is a necessary condition for achieving a sustainable Bitcoin bull market. Analysis indicates that since 2021, thousands of speculative "junk coins" have been eliminated, and Bitcoin dominance has rebounded to over 60%. Some studies predict this could approach 70% by 2030. Although Bitcoin recently broke through $81,000, several veteran traders and analysts expect there is still downside potential for the price and do not believe a new high will occur in 2026.