Technical analyst Eric Crown holds no altcoins at all and says the overwhelming majority of them are worth nothing, a share he puts at more than 99.9%.
Crown made the argument on the BeInCrypto podcast. He also dismissed the chart most traders use to time altcoin rallies.
Why One Analyst Quit Altcoins Entirely
Crown set out his position in an interview with BeInCrypto, where altcoin exposure came up directly.
“No, I don’t hold any altcoins.”
Bitcoin (BTC) and traditional markets make up his book instead. BTC trades near $77,207 after a 1.24% daily decline.
Crown put the failure rate at 99.999%, repeating to infinity, based on what he has watched over multiple cycles. A handful of exceptions exist, in his view, but they stay rare.
“Most people would be better off just buying boring stuff that compounds year-over-year and not trying to overthink it.”
The Dominance Chart He Ignores
That position rests partly on a metric Crown considers broken. Traders watch dominance to judge whether capital is rotating out of Bitcoin, and he argues it failed that job for three straight years.
“I see so many people obsessed with the Bitcoin dominance chart and I just… I don’t understand it.”
“We saw all throughout 2022 to 2025, the Bitcoin dominance chart went to the moon. It was just straight up, straight up, straight up, straight up. But what did we have during that time? We saw the meme coin cycle.”
Dog-themed tokens and AI tokens both delivered outsized returns inside that window. Dominance climbed anyway, peaking near 66% in mid-2025 before stalling around 60%.
The construction adds to his skepticism. Dominance measures Bitcoin’s market value against every other token, and new tokens launch constantly while Bitcoin’s supply stays fixed. Therefore, the denominator inflates whether or not altseason arrives.
What He Watches Instead
His replacement screen runs in two steps rather than one.
“You should be looking at your favorite shitcoin versus first the dollar… and then look at your favorite shitcoin versus its Bitcoin pairing to figure out if it’s actually outpacing Bitcoin.”
The second step matters, because a rising dollar chart may only reflect a broader Bitcoin rally. Crown named Hyperliquid (HYPE) among a small group performing strongly, and HYPE now sits 11th by market value near $79.61.
Macroeconomic forecasting gets the same treatment. Crown sees no edge in trading data releases without inside information, so he reads large-account positioning through price instead of narrative.
Broader participation could still revive the metric. Should most large caps begin clearing that second test, the ratio Crown dismisses may recover some value, a possibility other analysts continue to track closely.
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