比特幣（BTC）市場優勢飆升至64％，四年來達到其最高水平

比特幣（BTC）的市場優勢已飆升至64％，在四年來達到了其最高水平。

Bitcoin’s (BTC) market dominance has surged to 64%, reaching its highest level in over four years. However, experts remain divided on what this means for the future. Some predict an impending altcoin season, and others caution that Bitcoin’s dominance could continue to suppress altcoins.

比特幣（BTC）的市場優勢已飆升至64％，在四年來達到了其最高水平。但是，專家對這對未來意味著什麼仍然存在分歧。有些人預測即將來臨的山寨幣季節，另一些人警告比特幣的主導地位可能會繼續抑制山寨幣。

What Is Bitcoin Dominance?

什麼是比特幣優勢？

Bitcoin dominance (BTC.D) is the percentage of the total cryptocurrency market capitalization that BTC holds. It is a key indicator of Bitcoin’s market strength relative to other cryptocurrencies. A rising dominance suggests that Bitcoin is outperforming altcoins, while a decrease may signal growing interest or investment in other digital assets.

比特幣優勢（BTC.D）是BTC擁有的總加密貨幣市值的百分比。相對於其他加密貨幣，它是比特幣市場強度的關鍵指標。不斷上升的優勢表明，比特幣表現優於山寨幣，而下降可能表明對其他數字資產的興趣或投資不斷增長。

The metric has been steadily increasing since late 2022. As of the latest data, it surged to 64%, marking highs last seen in early 2021.

自2022年底以來，該指標一直在穩步增長。從最新數據開始，該指標飆升至64％，標誌著2021年初最後一次出現的高點。

Notably, Benjamin Cowen, founder of Into The Cryptoverse, highlighted that the number is much higher when excluding stablecoins.

值得注意的是，Cryptoverse的創始人本傑明·考恩（Benjamin Cowen）強調，在排除穩定菌的數字時，這個數字要高得多。

“Excluding stable coins, Bitcoin dominance is now at 69%,” Cowen revealed.

Cowen透露：“除了穩定的硬幣外，比特幣優勢現在為69％。”

The rise in Bitcoin dominance has sparked debate among analysts about its implications for altcoins.

比特幣優勢的上升激發了分析師在其對山寨幣的影響之間的辯論。

Cowen believes there will be a correction or downward movement in altcoins before any substantial gains can be expected in the market. This implies that the altcoin season may not be imminent yet.

Cowen認為，在市場上預計任何可觀的收益之前，Altcoins都會進行更正或下降。這意味著Altcoin季節可能尚不明確。

“I think ALT/ BTC pairs need to go down before they can go up,” he stated.

他說：“我認為ALT/ BTC對需要降下來，然後才能上升。”

Nordin, founder of Nour Group, also expressed caution. He stressed that Bitcoin dominance is nearing the levels seen during the peak of the 2020 bear market.

Nour Group的創始人Nordin也表示謹慎。他強調，比特幣優勢接近2020年熊市高峰期間所見水平。

“This isn’t just a BTC move. Its capital rotating out of alts,”

“這不僅是BTC的舉動。其資本從Alts旋轉。”

Moreover, Nordin warned that a break above 66% could intensify selling pressure on altcoins. This, in turn, could delay the altcoin season.

此外，諾丁警告說，超過66％的休息可能會加劇對山寨幣的銷售壓力。反過來，這可能會延遲Altcoin季節。

“Bitcoin dominance back to 64%. No Alt seasons in 2024 or 2025,” analyst, Alessandro Ottaviani, predicted.

分析師Alessandro Ottaviani預測：“比特幣的優勢可以追溯到64％。2024年或2025年沒有Alt季節。”

On the other hand, analyst Mister Crypto predicts that Bitcoin’s dominance may follow a long-term descending triangle pattern. A descending triangle typically suggests bearish momentum, where the price or dominance gradually decreases as lower highs are formed.

另一方面，分析師Crypto先生預測，比特幣的主導地位可能遵循長期下降的三角模式。下降的三角形通常表明看跌動量，在形成較低的高點時，價格或優勢逐漸下降。

However, this could prolong its market control before a broader correction allows altcoins to gain traction.

但是，這可能會延長其市場控制，然後再進行更廣泛的校正允許山寨幣獲得吸引力。

Another analyst mentioned that Bitcoin dominance is currently testing the resistance zone between 64% and 64.3%. Therefore, a possible retracement may be on the horizon. Should this retracement occur, altcoins could begin to gain traction, with some potentially emerging as top performers in the market as capital shifts away from Bitcoin.

另一位分析師提到，比特幣優勢目前正在測試64％至64.3％的電阻區。因此，可能的回答可能即將到來。如果發生這種回答，AltCoins可能會開始獲得吸引力，並且隨著資本從比特幣轉移，可能會成為市場上最佳績效。

“However, a breakout from this zone could mean further declines for alts,” the analyst remarked.

這位分析師說：“但是，該區域的突破可能意味著ALTS進一步下降。”

Finally, Junaid Dar, CEO of Bitwardinvest, offered a more optimistic view. According to Dar’s analysis, if Bitcoin’s dominance drops below 63.45%, it could trigger a strong upward movement in altcoins. This, he believes, would create an ideal opportunity to profit from altcoin positions.

最後，Bitwardinvest首席執行官Junaid Dar提供了更加樂觀的視野。根據DAR的分析，如果比特幣的優勢下降到63.45％以下，則可能會引發山寨幣的強烈向上運動。他認為，這將創造一個理想的機會從Altcoin職位上獲利。

“For now, alts are stuck. Just a matter of time,” Dar added.

“就目前而言，Alts被卡住了。只是時間問題，” Dar補充說。

Tether Dominance Signals Potential Altcoin Season

繫繩優勢信號潛在的altcoin季節

Meanwhile, many analysts believe that the trends in Tether dominance (USDT.D) signal a potential altcoin season. From a technical analysis standpoint, USDT.D has reached a resistance zone and may be due for a correction, suggesting the possibility of capital flowing from USDT into altcoins.

同時，許多分析人士認為，繫繩優勢（USDT.D）的趨勢表明了潛在的Altcoin季節。從技術分析的角度來看，USDT.D已達到電阻區，可能要進行校正，這表明資本從USDT流向AltCoins的可能性。

“The USDTD is in a rejection zone, as long as it does not close above 6.75% it will be favorable for the market,” a technical analyst wrote.

一位技術分析師寫道：“ USDTD處於拒絕區域，只要它不關閉6.75％，它將有利於市場。”

Another analyst also stressed that the USDT.D and USD Coin dominance (USDC.D) have reached resistance, forecasting an incoming altcoin season. Doğu Tekinoğlu drew similar conclusions by observing the combined chart of BTC.D, USDT.D, and USDC.D.

另一位分析師還強調，USDT.D和USD硬幣優勢（USDC.D）已達到抵抗力，預測了即將到來的Altcoin季節。 DoğuTekinoğlu通過觀察BTC.D，USDT.D和USDC.D的合併圖表得出了類似的結論。

As Bitcoin’s dominance climbs, investors are closely monitoring these technical and on-chain signals. The interplay between Bitcoin’s strength and stablecoin dynamics could dictate whether altcoins stage a comeback this summer or face further consolidation. For now, Bitcoin’s grip on the market remains firm.

隨著比特幣的統治地位，投資者正在密切監視這些技術和鏈上信號。比特幣的實力與穩定動力學之間的相互作用可以決定山寨幣今年夏天捲土重來還是面臨進一步的鞏固。目前，比特幣對市場的控制仍然很堅定。