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I've just noticed that the cleaning of millions of crypto tokens is happening intensely in the market. According to Ben Cowen, this is actually an important signal that many people often overlook.
So, before we can see a sustainable rally, the market needs to clear out all the dead weight first. If in previous crypto bear markets many junk tokens appeared, now the cleaning phase is underway. Tokens with weak fundamentals or just hype will be pressured, while those with clear value propositions will survive.
According to Cowen, this is a natural part of the cycle. You can't jump straight into a bull run without this purification phase. Bitcoin needs this for a sustainable bull cycle — not a rushed and artificial rally.
What’s interesting is that this perspective shows that the volatility and pressure we see now are not necessarily bearish, but more like the market "cleaning itself" for long-term growth. It’s similar to natural selection in an ecosystem — the strong survive, the weak are eliminated.
So if you're a market observer, don’t immediately panic when you see pressure on altcoins. This might actually be a sign that the market is preparing for the next phase that’s healthier. Worth keeping an eye on, especially for any spot assets with solid fundamentals that are currently under pressure.