比特幣的主導地位不斷增強，山寨幣面臨艱苦的戰鬥

隨著比特幣影響力的成長，山寨幣正在努力跟上。許多人想知道山寨幣大幅上漲的日子是否已經結束。

Bitcoin’s strong buy signals and rising dominance are putting altcoins in a difficult position. As BTC pulls more attention and investors shift their money, many altcoins are facing sharp declines.

比特幣強烈的買入訊號和不斷上升的主導地位使山寨幣陷入困境。隨著比特幣吸引更多關注以及投資者轉移資金，許多山寨幣面臨大幅下跌。

According to data from CoinGecko, prices of major altcoins fell between 10% and 30% in just one week. Ripple [XRP] dropped nearly 10% but stayed above $2. Cardano [ADA], however, saw a bigger drop, losing 18% and slipping below $1. Ethereum [ETH], on the other hand, held stronger, dropping just 6% while staying above $3,500.

根據 CoinGecko 的數據，主要山寨幣的價格在短短一周內下跌了 10% 至 30%。 Ripple [XRP] 下跌近 10%，但仍維持在 2 美元以上。然而，卡爾達諾 [ADA] 的跌幅更大，下跌了 18%，跌破 1 美元。另一方面，以太幣 [ETH] 表現強勁，僅下跌 6%，但仍保持在 3,500 美元上方。

Interestingly, not all altcoins suffered the same fate. Some tokens, such as Hyperliquid [HYPE] and Pudgy Penguins [PENGU], managed to thrive even in the weakening market. Prices of HYPE rose by 40%, and those of PENGU soared by an impressive 425%. These exceptions show that even when the market takes a downturn, some tokens can still perform well.

有趣的是，並非所有山寨幣都遭受了同樣的命運。一些代幣，例如 Hyperliquid [HYPE] 和 Pudgy Penguins [PENGU]，即使在市場疲軟的情況下也能蓬勃發展。 HYPE 的價格上漲了 40%，PENGU 的價格飆升了 425%，令人印象深刻。這些例外情況表明，即使市場低迷，一些代幣仍然可以表現良好。

However, on-chain analyst Joao Wedson has warned traders to stay cautious with altcoins. According to him, Bitcoin’s dominance recently hit a bottom above 54%, and it’s likely to grow stronger in the coming weeks. When Bitcoin dominates, It often means that investors are gradually shifting their money out of altcoins and into BTC or stablecoins.

然而，鏈上分析師 Joao Wedson 警告交易者對山寨幣保持謹慎。據他介紹，比特幣的主導地位最近觸底超過 54%，並且在未來幾週內可能會變得更強。當比特幣佔據主導地位時，通常意味著投資者逐漸將資金從山寨幣轉移到比特幣或穩定幣。

Moreover, Wedson also noted that BTC’s dominant 90-day change had recently turned positive for the first time since last November’s altcoin rally. Consequently, this indicates that BTC is steadily gaining strength, which, in turn, could continue to keep altcoins under pressure.

此外，Wedson 也指出，自去年 11 月山寨幣上漲以來，BTC 的主導 90 天變化最近首次轉為正值。因此，這表明比特幣正在穩步走強，這反過來又可能繼續讓山寨幣承受壓力。

The Altcoin Season Index, which tracks how well altcoins perform against Bitcoin, recently dropped to a monthly low of 47%. This shows that altcoins are losing momentum. While some see the current low prices as a chance to “buy the dip,” Wedson advises caution.

追蹤山寨幣相對於比特幣表現的山寨幣季節指數最近跌至 47% 的月度低點。這顯示山寨幣正在失去動力。儘管有些人認為當前的低價是「逢低買入」的機會，但韋德森建議謹慎行事。

Altcoins like XRP and ADA have already seen major losses, and the overall market remains weak. A strong recovery might not come soon unless market conditions change dramatically.

XRP 和 ADA 等山寨幣已經出現重大損失，整體市場仍然疲軟。除非市場狀況發生巨大變化，否則強勁復甦可能不會很快到來。

The upcoming “Santa rally” could bring hope to altcoin investors, as the market sometimes sees a year-end boost. However, this is not guaranteed. A stronger recovery might only happen in 2025 if a new bullish trend takes hold.

即將到來的「聖誕老人集會」可能會給山寨幣投資者帶來希望，因為市場有時會看到年底的提振。然而，這並不能得到保證。如果新的看漲趨勢確立，更強勁的復甦可能要到 2025 年才會發生。