Called $ETH bearish on Aug 24, 2025 — $ETH fell 66% over the next 10 months.
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Founder & CEO, ITC | Macro, commodities & digital assets | Liquidity, labor & risk cycles | PhD Engineering | Former NASA, Sandia National Labs
accuracy score 70.9 on ETH over 811 ETH calls · 1,843 days of data · rank 1 of 66 ETH analysts (top 1.5%) · v20r-multi-phasecov-sparsepen-strong-20261009, computed Oct 10, 2026 · Methodology →
Cite asCryptoQuant has tracked 811 directional calls on ETH by @benjamincowen on X since Jan 2021: ranked in the Top 5% of 66 analysts scored on ETH by accuracy (as of Oct 10, 2026).
Other assets covered (14)
Relative view by default — Benjamin Cowen’s calls are mostly nuanced, so each day is read against their usual tone.
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @benjamincowen to submit corrections.
Called $ETH bearish on Aug 24, 2025 — $ETH fell 66% over the next 10 months.
View call →Hover the chart to read the thesis of that period · click a day to pin it
At least this cycle I don't have to spend the whole time calling for ETH to go home, considering it's already there. Still think a DCA approach throughout the 2nd half of the midterm year is what generally works well. If there is a shock later in Q4 then can deal with that at the time.
View original →"Bond traders partly fear the Fed will tighten too little, which is pushing yields higher; he expects fear to peak around the October 28 meeting."
"Cowen says the Fed can justify holding off by citing soft inflation and a soft labor market, but a bad inflation report could still trigger one last bond selloff; if the two-year yield then falls, the Fed may not need to hike as much."
"Cowen said history supports his timing, as the 10-year yield topped between early October and mid-November in 2018 and 2022, the last two midterm election years, though he concedes the pattern is not exact."
"Cowen expects the 10-year Treasury yield to peak before mid-November, after it touched 5.342% on October 1."
"I'd rather just kind of sit back and say, 'All right, like I'm wrong.'"
"Well the bond market has revolted, and until the Fed gets a proper handle on inflation, this will likely continue."
"Yields have gone up rapidly since the market became concerned that the Fed was no longer taking inflation seriously."
"As long as Bitcoin can kind of hold above $83,000, then it's hard to be deterministically bearish."
"Cowen expected Bitcoin to rally during the summer before weakening into Q4, in line with the traditional four-year cycle."
"burden of proof has shifted"
