在年初的Altcoin賽季期望，比特幣的主導地位繼續上升

在過去的兩個星期中，加密貨幣市場遇到了嚴厲的逆風，重塑了鯨魚持有和資產優勢。這源於一系列宏觀因素

Bitcoin (BTC) price action remained the center of attention in January, with the asset’s dominance continuing a trend observed in 2024. BTC price surged by 55% in the last three years, outpacing gains by several altcoins. This occurrence was anticipated by many crypto users and traders.

比特幣（BTC）的價格行動仍然是一月份的關注中心，資產的統治地位持續了2024年的趨勢。過去三年中，BTC的價格飆升了55％，超過了幾個Altcoins的增長。許多加密用戶和交易者預計這種情況是預期的。

After a strong rally by Bitcoin, altcoins usually perform better once BTC price hits a cycle peak. However, shaky trades and more investor appetite in BTC spiked its dominance while altcoins struggled.

在由比特幣進行了強烈的集會之後，一旦BTC價格達到週期峰，山寨幣通常會表現更好。但是，BTC的動搖交易和更多的投資者興趣飆升，而Altcoins則掙扎。

Ethereum (ETH), an asset expected to ignite the season, continued a sideways pattern for the last two to three quarters, even after the approval of spot Ethereum ETFs.

以太坊（ETH）是一項預計將激發季節的資產，即使在批准現場以太坊ETF之後，過去兩到三分之三的側向模式仍在側向模式。

ETH price trades at $3,219, dropping below the $3.5K after bulls anticipated a run to $5K. This was heightened by XRP’s stellar climb above $3 with billions in its market cap. Solana and Cardano also made significant gains last quarter with a similar rise in decentralized finance (DeFi) trading volumes.

ETH Price交易的價格為3,219美元，低於公牛隊預計將達到5,000美元後的3.5萬美元。 XRP的出色攀登超過了3美元，其市值加劇了這一點。索拉納（Solana）和卡爾達諾（Cardano）在上個季度也取得了巨大的收益，分散融資（DEFI）交易量也有類似的增長。

“Many experts, including myself, predicted that January 2025 would mark the official start of the altcoin season, especially after #Trump inauguration. But now, as the month comes to a close, we still haven’t seen any significant movement… Over the past two years, Bitcoin has surged by more than 500%, yet Ethereum hasn’t even surpassed its previous ATH. And historically, Ethereum leads the altcoin season,”

“包括我本人在內的許多專家都預測，2025年1月將標誌著Altcoin賽季的正式開始，尤其是在#Trump就職典禮之後。但是現在，隨著一個月結束時，我們仍然沒有看到任何重大運動……在過去的兩年中，比特幣飆升了500％以上，但以太坊甚至沒有超過以前的ATH。從歷史上看，以太坊帶領山寨幣季節，”

Institutions Backed Bitcoin Price Surges

機構支持比特幣價格飆升

Large-scale market players were among the factors behind the BTC price surge. Following the approval of spot Bitcoin ETFs, the asset’s pitch maintained an upward momentum.

大規模的市場參與者是BTC價格漲幅背後的因素之一。在獲得斑點比特幣ETF的批准後，資產的音調保持了向上的動力。

Tapping $73K in Q1 2024, it broke $93K after Donald Trump’s election win in November and eventually crossed $107K before the recent corrections.

在2024年第1季度敲擊$ 73K，在唐納德·特朗普（Donald Trump）在11月的選舉中贏得勝利後，它損失了93,000美元，並最終在最近的更正之前超越了10.7萬美元。

The inflow of funds and confidence in clearer regulations in the country led to more investors backing the market leader above other assets. Moves to pass a Strategic Bitcoin Reserve Bill in Congress and similar efforts in states resulted in higher Bitcoin dominance.

資金的流入和對該國更清晰的法規的信心導致更多的投資者支持市場領導者以高於其他資產。通過國會中通過一項戰略性比特幣儲備法案的舉動，在各州進行類似的努力導致比特幣優勢更高。