Technical analyst Eric Crown has announced that he no longer holds any altcoins in his portfolio. During a recent podcast appearance, he stated that more than 99.9% of all alternative digital assets are essentially worthless. According to Crown, his investment strategy is now focused exclusively on Bitcoin and traditional financial market instruments.
Crown expressed skepticism regarding the Bitcoin dominance chart, which many traders use to predict market cycles. He argues that the metric has been broken for three years, as it continued to rise even during periods of high activity for meme and AI-themed tokens. He noted that Bitcoin dominance climbed from roughly 38% in early 2023 to a peak of 66% in mid-2025.
The analyst explained that the dominance chart is flawed because it measures Bitcoin against a constantly expanding supply of new tokens. Instead, he suggests evaluating assets by comparing them against the US dollar and then against their Bitcoin pairing. He cited Hyperliquid as an example of an asset currently showing strong performance, with a market value near $79.61.
Regarding macroeconomic data, Crown stated that he ignores news releases, preferring to analyze large-account positioning through price action. He believes that the Bitcoin dominance metric could only regain relevance if a significant number of large-cap assets begin to consistently outperform Bitcoin in direct trading pairs.
