分析師表示，儘管已達到 60% 的目標，但比特幣的主導地位可能會繼續攀升

加密貨幣分析師 Benjamin Cowen 表示，比特幣 BTC/USD 的主導地位可能會繼續攀升，即使它達到了他長期設定的 60% 目標

Cryptocurrency analyst Benjamin Cowen is keeping a close eye on Bitcoin (CRYPTO: BTC) dominance as the Federal Reserve continues to cut interest rates.

隨著聯準會繼續降息，加密貨幣分析師本傑明·考恩（Benjamin Cowen）密切關注比特幣（CRYPTO：BTC）的主導地位。

Here's what Cowen had to say about the matter in his recent YouTube video.

以下是 Cowen 在他最近的 YouTube 影片中對此事的看法。

What Happened: Following the Fed's decision to lower interest rates by 25 basis points, Cowen took to his channel to analyze the potential impact on Bitcoin and the broader crypto market.

發生了什麼：在聯準會決定將利率降低 25 個基點後，Cowen 透過他的頻道分析了這對比特幣和更廣泛的加密市場的潛在影響。

In his analysis, Cowen highlighted that Bitcoin's dominance has typically peaked — at around 60% — only after quantitative easing starts. However, given the Fed's decision to continue reducing its holdings in Treasury securities and mortgage-backed securities, Cowen sees two possible scenarios playing out.

Cowen 在他的分析中強調，比特幣的主導地位通常只有在量化寬鬆開始後才會達到頂峰（約 60%）。然而，鑑於聯準會決定繼續減持美國國債和抵押貸款支持證券，考恩認為可能出現兩種情況。

One possibility is that Bitcoin's dominance will begin a topping process as the Fed continues to reduce its balance sheet. Another scenario suggests that Bitcoin's dominance might overshoot its peak before settling back.

一種可能性是，隨著聯準會繼續縮減資產負債表，比特幣的主導地位將開始見頂過程。另一種情況表明，比特幣的主導地位可能會在回落之前超過其高峰。

"This is something that I'm keeping a very, very close eye on. We might see a scenario where Bitcoin continues to rally and it sucks the air out of the room and it continues to drive up its dominance," Cowen said.

「這是我非常非常密切關注的事情。我們可能會看到這樣一種情況：比特幣繼續上漲，它吸走了房間裡的空氣，並繼續提升其主導地位，」考恩說。

The crypto analyst also emphasized monitoring Ethereum's (CRYPTO: ETH) performance against Bitcoin, as it plays a key role in dominance trends. He also recommended dollar-cost averaging in altcoins as the market heads into the post-halving phase.

這位加密貨幣分析師也強調監控以太幣（CRYPTO：ETH）相對於比特幣的表現，因為它在主導趨勢中發揮關鍵作用。他也建議隨著市場進入減半後階段，對山寨幣進行美元成本平均。

"If you're looking at the longer-term time frame, I would say that the safer bet is to dollar-cost average into altcoins over the next six to eight months."

“如果你著眼於更長期的時間框架，我會說更安全的賭注是在未來六到八個月內以美元成本平均投資山寨幣。”

Cowen also highlighted a section of the Federal Reserve’s press release, which states that the committee plans to "continue reducing its Holdings of Treasury Securities and agency debt and agency mortgage-backed Securities."

考恩還強調了聯準會新聞稿的一部分，其中指出，委員會計劃「繼續減少其持有的國債、機構債務和機構抵押貸款支持證券」。

"They're not saying that they're going to start QE. They're saying that they're going to continue reducing their holdings. This is very, very important for the crypto market."

“他們並不是說要啟動量化寬鬆。他們只是說要繼續減持。這對加密貨幣市場來說非常非常重要。”

See More: Best Cryptocurrency Scanners

看更多：最佳加密貨幣掃描儀

Benzinga's Take on Cowen's Analysis: Cowen's analysis aligns with the broader narrative in the crypto community, which anticipates a bullish period for Bitcoin and other cryptocurrencies following the Fed's decision to lower interest rates.

Benzinga 對 Cowen 分析的看法：Cowen 的分析與加密社群的更廣泛的敘述相一致，該社群預計在聯準會決定降低利率後，比特幣和其他加密貨幣將迎來看漲時期。

However, as Cowen himself notes, these patterns could be disrupted by a broader market correction, which would impact both Bitcoin and altcoins.

然而，正如考恩本人指出的那樣，這些模式可能會被更廣泛的市場調整所擾亂，這將影響比特幣和山寨幣。

The Fed's decision to lower interest rates comes at a time when the central bank is also engaged in a strategy of quantitative tightening, gradually reducing its holdings of Treasury securities and mortgage-backed securities.

聯準會決定降息之際，央行也在實施量化緊縮策略，逐步減少持有的國債和抵押貸款支持證券。

This strategy contrasts with the quantitative easing measures undertaken by the Fed during the COVID-19 pandemic, which involved large-scale purchases of these securities to stimulate the economy.

這項策略與聯準會在 COVID-19 大流行期間採取的量化寬鬆措施形成鮮明對比，後者涉及大規模購買這些證券以刺激經濟。

Now, the Fed is gradually unwinding these holdings to curb inflation and return to a more neutral monetary stance.

現在，聯準會正在逐步減持這些資產，以抑制通膨並回歸更中性的貨幣立場。

While the Fed's actions are primarily intended to influence the traditional financial markets, they also tend to impact the crypto market, given the interconnectedness of financial assets in the digital age.

雖然聯準會的行動主要是為了影響傳統金融市場，但考慮到數位時代金融資產的相互關聯性，它們也往往會影響加密貨幣市場。