儘管預期Altcoin賽季，但比特幣的市場優勢越來越高於2021年初的最高水平

儘管預期有一個山寨幣季節，但比特幣的市場優勢正在迅速增長，達到了2021年初的最高水平。

Bitcoin’s market dominance has surged to 58.8%, up from 51% in December, reaching its highest level since early 2021. Meanwhile, analysts are keeping an eye on a key technical indicator that could decide the fate of altcoins.

比特幣的市場優勢升至58.8％，高於12月的51％，達到自2021年初以來的最高水平。與此同時，分析師一直在關注可以決定Altcoins命運的關鍵技術指標。

Bitcoin’s dominance has been steadily increasing in recent months as the crypto market experiences a period of consolidation. Usually, when Bitcoin stabilizes after a rally, investors tend to shift their focus to altcoins, hoping for bigger gains. However, despite conditions such as Bitcoin stability, increased market liquidity, and growing institutional interest setting the stage for an altcoin season, the shift has not happened as quickly as many anticipated.

由於加密市場經歷了一段合併時期，比特幣的主導地位在最近幾個月一直在穩步增長。通常，當比特幣在集會後穩定下來時，投資者傾向於將注意力轉移到Altcoins上，希望獲得更大的收益。然而，儘管有諸如比特幣穩定，市場流動性增加以及機構興趣增加的條件，這為山寨幣季節奠定了基礎，但這種轉變並沒有像許多人預期的那樣快。

Many investors have been waiting for an altcoin season, a period when altcoins typically see massive gains, usually following a Bitcoin rally. As traders take profits on Bitcoin and shift their funds to riskier assets, such as altcoins, for higher potential returns.

許多投資者一直在等待Altcoin季節，在這一時期，通常會在比特幣集會之後看到巨大的收益。隨著交易者在比特幣上獲利，並將其資金轉移到較高風險的資產（例如山寨幣）上，以獲得更高的潛在回報。

Why Has Altcoin Season Not Yet Arrived?

為什麼Altcoin季節還沒有到達？

Many investors have been anticipating an altcoin season, which is a period when altcoins usually see massive gains, typically following a Bitcoin rally.

許多投資者一直在預料到一個替代賽季節，這是山寨幣通常會看到巨大收益的時期，通常是在比特幣集會之後進行的。

Usually, when Bitcoin stabilizes after a strong surge, traders tend to take profits and shift their funds to riskier altcoins with higher potential returns. However, even though conditions for an alt season, such as Bitcoin stability, increased market liquidity, and growing institutional interest, are present, the shift has not happened as quickly as many expected.

通常，當比特幣強勁後，交易員傾向於將資金轉移到具有較高潛在回報的較高風險的山寨幣。但是，即使ALT季節的條件（例如比特幣穩定性，市場流動性提高以及機構的增長）存在，但這種轉變並沒有像許多人預期的那樣快。

Why Bitcoin’s Dominance Keeps Rising

為什麼比特幣的主導地位不斷上升

Several key factors are driving Bitcoin’s growing dominance:

幾個關鍵因素是推動比特幣的統治地位：

* After a period of anticipation, Block's application for a spot Bitcoin ETF was approved last week by the U.S. Securities and Exchange Commission. This decision came after a series of setbacks for crypto ETFs in 2023.

*經過一段時間的期待，Block上週被美國證券交易委員會批准了Block對比特幣ETF的申請。這項決定是在2023年對加密ETF的一系列挫折之後​​進行的。

* Earlier, when Ethereum ETFs were approved last year, many expected them to reduce Bitcoin’s dominance and pave the way for a broader altcoin rally. However, despite strong initial interest, these ETFs failed to drive the expected shift from Bitcoin as investors remained focused on the world’s leading cryptocurrency.

*早些時候，去年以太坊ETF被批准時，許多人期望他們減少比特幣的統治地位，並為更廣泛的山寨幣集會鋪平道路。但是，儘管初步興趣強烈，但這些ETF仍未推動預期的比特幣轉變，因為投資者仍然專注於全球領先的加密貨幣。

* This lack of enthusiasm for altcoin ETFs may indicate that a broader alt season may still be coming, just later than many anticipated.

*對Altcoin ETF的這種缺乏熱情可能表明，比許多人預期的要晚，可能還要一個更廣泛的ALT季節。

Could a Big Altcoin Breakout Be Near?

大型山寨幣突破可以靠近嗎？

Well-known crypto analyst Rekt Capital has sparked fresh optimism for an upcoming altcoin rally. He pointed to a key technical signal that could decide the fate of altcoins. According to the analyst, if the total altcoin market cap closes above a certain level this week, it could trigger a major breakout.Earlier this month, the altcoin market cap briefly dropped below $200 billion after a sharp crash but later recovered. It has since climbed to around $249 billion.

著名的加密分析師Rekt Capital對即將舉行的Altcoin Rally激發了新的樂觀情緒。他指出了一個關鍵的技術信號，可以決定山寨幣的命運。根據分析師的說法，如果本週的山寨幣市值結束了一定水平，則可能會引發重大突破。本月的重新分解，Altcoin市值在急劇崩潰後短暫下降到2000億美元以下，但後來恢復了。此後，它攀升至2490億美元。

According to Rekt Capital, a weekly close above $250 billion could confirm a turning point for altcoins.

根據Rekt Capital的說法，每週收盤超過2500億美元，可以證實Altcoins的轉折點。

Key Levels to Watch

觀看的關鍵水平

If altcoins break past the $250 billion mark, analysts expect a rally to $315 billion, signaling that the market has bottomed out. However, to reach the December 2024 high of $451 billion, much more growth will be needed.

如果Altcoins超過了2500億美元的大關，則分析師預計將有3150億美元的集會，這表明市場已經觸底了。但是，要達到2024年12月的4510億美元高點，將需要更多的增長。

The crypto market is at a crucial stage. If altcoins gain momentum, it could finally signal the long-awaited shift investors have been hoping for. Otherwise, Bitcoin’s dominance may continue to rise, leaving altcoins behind in a period of sluggish performance.

加密市場處於關鍵階段。如果Altcoins獲得動力，它最終可能表明了期待已久的輪班投資者所希望的。否則，比特幣的統治地位可能會繼續上升，而在表現緩慢的時期，替代幣將落後。