Cowen pointed to a key sentiment indicator — the social risk metric — which shows that interest in altcoins is fading fast. He explained that Ethereum often acts as a barometer for the broader altcoin market. As ETH struggles, overall enthusiasm for crypto weakens, and altcoins typically lose ground to Bitcoin. Recent drops in Ethereum’s price have coincided with a sharp decline in social media engagement around crypto, reinforcing his view that altcoins will likely continue underperforming
source: https://coindoo.com/no-altseason-yet-bitcoin-remains-the-safer-bet-analyst-warns/