Crypto analyst Benjamin Cowen questions Bitcoin dominance reports
@intocryptoverse: Cowen questions Bitcoin dominance
In a recent statement on social media, Benjamin Cowen, a prominent figure in the cryptocurrency field, raised questions about the reporting practices surrounding Bitcoin dominance trends.
Cowen highlighted a perceived imbalance in coverage, asking ''Why do not you ever post when #Bitcoin Dominance goes down?'' This inquiry accompanies a display of the Bitcoin dominance chart since late 2022, pointing to a significant observation where the only decline, represented by a red Heikin-Ashi candle, occurred after dominance reached 60 percent—Cowen's conservative target.
This statement underscores ongoing concerns about transparency in Bitcoin market reporting, particularly regarding dominance fluctuations. Cowen's perspective invites further discussion on the matter from industry experts and observers.
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In the previous news, tweet author Benjamin Cowen discussed the dynamics of the S&P 500 Index (SPX).
