儘管希望有一個Altcoin賽季

儘管希望有一個Altcoin季節，但比特幣的主導地位仍在不斷增長，這違背了通常的趨勢，而隨著市場的成熟，資本轉移到Altcoins。該圖顯示了比特幣與所有加密貨幣相比的市場份額。

Bitcoin’s dominance is rising again, now standing at 58.8%. This figure, which represents Bitcoin’s market share compared to all cryptocurrencies, has been steadily increasing from 51% in December, reaching its highest point since early 2021.

比特幣的統治地位再次上升，目前為58.8％。與所有加密貨幣相比，這一數字代表比特幣的市場份額，從12月的51％穩步上升，達到了自2021年初以來的最高點。

Many crypto investors have been eagerly anticipating an “alt season,” a period where altcoins outperform Bitcoin, generating substantial returns for those who invest in them. Typically, this occurs after Bitcoin experiences a significant rally, as traders cash out some of their gains and channel them into riskier and potentially higher-reward investments in altcoins.

許多加密投資者一直熱切期待一個“ ALT季節”，在這個時期，AltCoins優於比特幣，為投資於其中的人帶來了可觀的回報。通常，這是在比特幣經歷重大集會之後發生的，因為交易者兌現了一些收益，並將其引導到風險更大，可能是對山寨幣的更高獎勵投資。

However, despite optimal conditions such as Bitcoin stability, increased market liquidity, and burgeoning institutional interest, which usually pave the way for altcoins to take center stage, this shift hasn’t happened as quickly as expected.

然而，儘管諸如比特幣穩定，市場流動性增加以及迅速發展的機構利益等最佳條件，這通常為Altcoins佔據中心位置鋪平了道路，但這種轉變並沒有像預期的那樣快。

Why Is Bitcoin Dominance Growing?

為什麼比特幣優勢增長？

Bitcoin’s dominance continues to grow due to several key factors. Corporate accumulation strategies, particularly from Strategy keep buying Bitcoin, which creates consistent buying pressure.

由於幾個關鍵因素，比特幣的主導地位不斷增長。企業積累策略，特別是策略繼續購買比特幣，這會造成一致的購買壓力。

Besides, there are also more new tokens than ever, which can spread out investment instead of focusing on established altcoins. Finally, spot Bitcoin ETFs make it easier for traditional investors to buy Bitcoin, while most altcoins don’t have the same level of access.

此外，還有比以往任何時候都多的新令牌，這些代幣可以分散投資，而不是專注於既定的山寨幣。最後，現貨比特幣ETF使傳統投資者更容易購買比特幣，而大多數山寨幣則沒有相同的訪問水平。

The approval of Ethereum ETFs last summer was expected to reduce Bitcoin’s dominance, but the impact has been minimal. While ETH ETFs initially saw strong interest from investors, they didn’t manage to boost the altcoin market as anticipated.

去年夏天，以太坊ETF的批准預計將降低比特幣的統治地位，但影響很小。儘管ETH ETF最初引起了投資者的濃厚興趣，但他們並沒有像預期的那樣促進Altcoin市場。

The potential for alt season might still exist, merely delayed, and future events could serve as catalysts for a shift in favor of altcoins.

ALT季節的潛力可能仍然存在，只是延遲了，未來的事件可能會成為有利於Altcoins的轉變的催化劑。

Analyst Sparks Optimism for Altcoins

分析師對Altcoins的樂觀情緒

Rekt Capital, a well-known analyst on X, formerly Twitter, sparked optimism for an upcoming altcoin season with a key technical signal. He shared a chart of the altcoin market cap, highlighting that if it manages to close above a certain level this week, it could set the stage for the next leg up.

Rekt Capital是X上的著名分析師，以前是Twitter，對即將到來的Altcoin賽季具有關鍵的技術信號激發了樂觀。他分享了Altcoin市值的圖表，強調說，如果本週設法超過一定水平，它可能會為下一條腿奠定基礎。

After a steep decline in early March, which saw several weeks of gains wiped out, the altcoin market cap briefly dipped below the $200 billion mark. However, it ultimately closed the week above that level and has since been on a recovery path.

在3月初的急劇下降（耗資數週）下降後，Altcoin市值短暫下跌了2000億美元。但是，它最終關閉了高於該水平的一周，此後一直處於恢復道路上。

At the time of writing, the total market cap of cryptocurrencies excluding Bitcoin is approaching the $250 billion mark.

在撰寫本文時，不包括比特幣的加密貨幣的總市值接近2500億美元。

According to Rekt Capital, breaking above the $250 billion mark on a weekly timeframe could be crucial for setting the stage for a potential rally in altcoins.

根據Rekt Capital的說法，每週的時間範圍超過2500億美元的大關，對於為替補幣的潛在集會奠定階段至關重要。

If altcoins can break above the $250 billion mark, it could set the stage for a rally to $315 billion, which would be an indication that the bottom has been reached in this bear market cycle.

如果Altcoins可以超過2500億美元的大關，則可以將舞台升至3150億美元，這表明在這個熊市週期中已經達到了最低價。

To reach the December 2024 high of $451 billion, even more, growth would be needed. At present, it seems like a long shot, but in the rapidly changing world of crypto, anything is possible.

為了達到2024年12月的高點4510億美元，將需要增長。目前，這似乎是一個漫長的鏡頭，但是在迅速變化的加密世界中，一切皆有可能。