指標顯示季節即將到來，山寨幣市場即將飆升

由於擔心比特幣減半，山寨幣在過去一個月經歷了低迷，但歷史模式表明另一個山寨幣季節可能即將到來。山寨幣季節指數已從減半後的低點反彈，而 Tether 主導地位的技術分析表明其下跌趨勢可能結束，這表明風險偏好增加。此外，市場購買力正在上升，與先前山寨幣季節之前的情況類似。透過追蹤這些指標，投資者可以利用山寨幣市場的潛在上漲空間。

Altcoin Market Trends: Deciphering the Indicators for an Impending Surge

山寨幣市場趨勢：解讀即將到來的飆升的指標

Following a period of robust performance over the past five months, the altcoin market has recently faced a setback amidst apprehensions surrounding the upcoming Bitcoin [BTC] halving event. This has resulted in a significant loss of value for altcoins, prompting questions about the trajectory of the market in the near term.

繼過去五個月的強勁表現之後，山寨幣市場最近因對即將到來的比特幣減半事件的擔憂而面臨挫折。這導致山寨幣價值大幅下跌，引發了人們對近期市場軌跡的質疑。

Data compiled by crypto analyst Ali Martinez suggests that altcoin seasons, characterized by a surge in the market capitalization of altcoins, typically commence shortly after Bitcoin halvings. These seasons provide investors with opportunities for substantial profit generation, given the cyclical nature of capital rotation within the cryptocurrency space.

加密貨幣分析師 Ali Martinez 編制的數據表明，以山寨幣市值激增為特徵的山寨幣季節通常在比特幣減半後不久開始。鑑於加密貨幣領域資本輪換的周期性，這些季節為投資者提供了賺取可觀利潤的機會。

However, the recent altcoin season index has receded significantly from its peak of over 75 in early 2024. This decline reflects the market's shift towards Bitcoin dominance in anticipation of the halving, despite greater value erosion in altcoins compared to Bitcoin.

然而，最近的山寨幣季節指數已從2024 年初超過75 的峰值大幅回落。 。

Technical analysis of the Tether [USDT] dominance chart reveals a potential end to its downtrend. This downward trend signifies increased investor risk tolerance, as market participants exchange stablecoins for crypto assets. Conversely, an upward trend in USDT dominance indicates the opposite.

Tether [USDT] 主導圖表的技術分析揭示了其下跌趨勢的潛在結束。這種下降趨勢意味著投資者風險承受能力的提高，因為市場參與者用穩定幣交換加密資產。相反，USDT 主導地位的上升趨勢表明情況恰恰相反。

In the context of an altcoin season, a strong downtrend in USDT dominance is desirable. The Directional Movement Index on the 3-day chart confirms a downtrend extending from late October to early April, suggesting that the market may require a period of consolidation before embarking on the next downtrend.

在山寨幣季節的背景下，USDT 主導地位的強勁下降趨勢是可取的。 3日圖上的方向運動指數證實了從10月底到4月初的下降趨勢，顯示市場在進入下一個下降趨勢之前可能需要一段時間的盤整。

Comparison with the 2020 Bitcoin halving reveals similarities that could foreshadow further value losses for altcoins in the coming weeks.

與 2020 年比特幣減半的比較揭示了相似之處，這可能預示著未來幾週山寨幣的進一步價值損失。

Analysis of data from CryptoQuant indicates an uptick in market buying power since mid-October. This is reflected in the rising exchange reserves of stablecoins, which serve as a proxy for buying power in the crypto market. Notably, this metric has not yet reached parabolic levels observed during the 2020-2021 altcoin season, characterized by a rapid expansion of market capitalization.

CryptoQuant 的數據分析表明，自 10 月中旬以來，市場購買力有所上升。這反映在穩定幣外匯存底的增加上，穩定幣是加密貨幣市場購買力的代表。值得注意的是，該指標尚未達到 2020-2021 年山寨幣季節期間觀察到的拋物線水平，其特點是市值快速擴張。

Thus, a surge in stablecoin reserves could provide an indication of an impending altcoin season. Combining this analysis with the Tether dominance chart and altcoin season index can provide valuable insights for investors seeking to capitalize on market opportunities.

因此，穩定幣儲備的激增可能預示著山寨幣季節即將到來。將此分析與 Tether 主導圖表和山寨幣季節指數相結合，可以為尋求利用市場機會的投資者提供有價值的見解。

It is crucial to recognize that the altcoin market is inherently volatile and subject to external factors. Investors should exercise due diligence and conduct thorough research before making any investment decisions.

至關重要的是要認識到山寨幣市場本質上是不穩定的，並且會受到外部因素的影響。投資者在做出任何投資決定之前應進行盡職調查並進行徹底的研究。