Bitcoin, Ethereum, XRP Rallying But Here’s Why Crypto Is A ‘Ghost Town’
Posted On January 14, 2026
Benjamin Cowen, founder and CEO of IntoTheCryptoverse, says the crypto market may be entering a prolonged “ghost town” phase as retail investors continue to exit and show little sign of returning in the near term.
What Happened: Cowen said retail participation was the primary driver of the major bull markets in 2017 and 2021.
While Bitcoin (CRYPTO: BTC) rallied in 2025, he noted that the move was largely powered by institutional ETF inflows rather than broad-based retail demand.
According to Cowen, years of capital misallocation into scams and …
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