比特幣主導市場，阻礙了預期的山寨幣季節

自9月中旬以來，比特幣的價格一直呈現穩定上漲趨勢，從53,000美元上漲至67,000美元。這種令人印象深刻的成長已經停滯

Bitcoin’s price has been on a steady upward trend since mid-September, rising from $53,000 to $67,000. This impressive growth has stalled the anticipated altcoin season, drawing investor attention and capital toward Bitcoin instead of smaller assets.

自9月中旬以來，比特幣的價格一直呈現穩定上漲趨勢，從53,000美元上漲至67,000美元。這種令人印象深刻的成長使預期的山寨幣季節陷入停滯，吸引了投資者的注意力和資本轉向比特幣，而不是較小的資產。

As Bitcoin inches closer to forming a new all-time high (ATH), altcoins may remain sidelined for a while longer.

隨著比特幣接近形成新的歷史高點（ATH），山寨幣可能會在一段時間內保持觀望。

Bitcoin Is Dominating the Market

比特幣正在主導市場

Bitcoin’s dominance over the crypto market continues to grow, surpassing 59% in October, an increase of 3.45% throughout the month. This rise is primarily due to Bitcoin’s price appreciation, making it an attractive investment option, especially for institutional players.

比特幣在加密貨幣市場的主導地位持續成長，10 月超過 59%，全月成長 3.45%。這種上漲主要是由於比特幣的價格上漲，使其成為一種有吸引力的投資選擇，特別是對於機構參與者而言。

In a weekend brief, QCP highlighted positive ETF inflows over the last three weeks, which are signaling high institutional demand.

在周末簡報中，QCP 強調了過去三週 ETF 的積極流入，這表明機構需求很高。

“Bitcoin dominance continues to rise, reaching highs of 59.75% for the week… We believe that the uptrend in bitcoin dominance is likely to persist in the near term as bitcoin approaches its ATH levels,” QCP noted.

「比特幣的主導地位繼續上升，本週達到 59.75% 的高點……我們認為，隨著比特幣接近其 ATH 水平，比特幣主導地位的上升趨勢可能會在短期內持續下去，」QCP 指出。

If Bitcoin reaches its all-time high of $73,078, its market dominance could surge to 60%, potentially delaying the altcoin season.

如果比特幣達到 73,078 美元的歷史新高，其市場主導地位可能會飆升至 60%，這可能會推遲山寨幣季節。

This rise in Bitcoin’s price and dominance indicates a change in market sentiment, with investors leaning towards BTC’s relative stability. If Bitcoin maintains this upward momentum, altcoins may stay in the background, waiting for a shift in capital flows.

比特幣價格和主導地位的上漲表明市場情緒發生變化，投資者傾向於比特幣的相對穩定性。如果比特幣保持這種上漲勢頭，山寨幣可能會留在幕後，等待資本流動的轉變。

Currently, an altcoin season appears distant due to limited growth across altcoin assets. For an altcoin season to be confirmed, at least 38 altcoins need to outperform Bitcoin over a 90-day period; however, only seven have done so recently.

目前，由於山寨幣資產成長有限，山寨幣季節似乎還很遙遠。要確定山寨幣季節，至少有 38 種山寨幣需要在 90 天內跑贏比特幣；然而，最近只有七家這樣做了。

This minimal growth suggests that altcoins lack the momentum needed for a breakout, as Bitcoin’s upward trend continues to attract the majority of market activity. Without a significant shift in momentum, altcoins may continue struggling to gain investor interest.

這種最小的增長表明山寨幣缺乏突破所需的動力，因為比特幣的上漲趨勢繼續吸引了大部分市場活動。如果勢頭沒有發生重大轉變，山寨幣可能會繼續難以贏得投資者的興趣。

BTC Price Prediction: Focusing on the ATH

BTC價格預測：關注ATH

Bitcoin’s price now sits at $67,439, inching closer to the critical $70,000 mark. Just 8% away from its ATH of $73,078, BTC has the potential to break new records if current market trends hold.

比特幣的價格目前為 67,439 美元，正在接近 70,000 美元的關鍵關卡。如果當前的市場趨勢保持下去，BTC 距離 73,078 美元的最高峰值僅 8%，有可能打破新紀錄。

Spot Bitcoin ETFs have seen inflows of nearly $998 million in the past week. If this level of investment sustains in November, Bitcoin could push through $70,000, likely achieving a new ATH and delaying the altcoin season further.

過去一周，現貨比特幣 ETF 資金流入近 9.98 億美元。如果 11 月這種投資水準持續下去，比特幣可能會突破 70,000 美元，可能會達到新的 ATH，並進一步推遲山寨幣季節。

However, if Bitcoin investors start taking profits around $70,000, the price could dip, potentially pulling BTC down to $65,000. This correction would dampen bullish hopes for an ATH and might open a brief window for altcoin gains.

然而，如果比特幣投資者開始在 70,000 美元左右獲利了結，價格可能會下跌，可能會將 BTC 拉低至 65,000 美元。這項調整將削弱對 ATH 的看漲希望，並可能為山寨幣的上漲打開一個短暫的窗口。