比特幣在危險中表現出對以太坊的力量，替補賽季

比特幣的統治地位日益增長和與以太坊的脫鉤引發了人們對山寨幣季節可行性的關注。

As Bitcoin continues to rally, albeit within a narrow range, and caps off another week with an interesting price trend, a recent analysis has sparked concerns over the fate of the altcoin season.

隨著比特幣繼續進行集會，儘管範圍較窄，而且價格趨勢有趣的一周，最近的分析引發了人們對Altcoin季節的命運的擔憂。

The apex cryptocurrency has shown resilience in the face of broader sideways movement in the crypto market. Despite displaying strength, BTC has struggled to hold the psychological $100,000 price mark amid hawkish macroeconomic developments.

面對加密貨幣市場的更廣泛的側向運動，Apex加密貨幣顯示出韌性。儘管表現出強度，但BTC仍在努力在鷹派宏觀經濟發展中持有100,000美元的心理價格。

However, an interesting trend has emerged with each instance of Bitcoin’s recovery to the $100,000 level, which has now been highlighted by on-chain analytical firm Lookonchain in a recent post, sparking議論 within the crypto community.

但是，隨著比特幣的收回到100,000美元水平的每個實例，它都出現了一個有趣的趨勢，現在，鏈分析公司Lookonchain在最近的一篇文章中強調了這一趨勢，在加密貨幣社區中引發了議論。

Bitcoin Outperforming Against Ethereum

比特幣表現優於以太坊

According to yesterday’s post, there appears to be a strong decoupling between Bitcoin and the altcoin leader, Ethereum. Each time BTC reclaimed the $100,000 price point, Lookonchain noted that ETH trended lower than the previous occurrence.

根據昨天的帖子，比特幣與山寨幣領導人以太坊之間似乎存在很強的脫鉤。每次BTC收回100,000美元的價格點時，Lookonchain都會指出，ETH的趨勢低於以前的發生。

To put this in perspective, when Bitcoin first reached $100,000 on December 5, Ethereum was trading at $3,900. After a retest, the premier asset once again crossed the notable price mark on December 11, but ETH was now trading a bit lower at $3,800.

考慮到這一點，當比特幣在12月5日首次達到100,000美元時，以太坊的交易價格為3,900美元。經過重新測試後，總理資產在12月11日再次超過了顯著的價格標記，但ETH現在的交易價格較低，為3,800美元。

Meanwhile, as Bitcoin continued to reclaim $100,000, ETH sustained that steady price decline, trading at $3,700, $3,400, $3,200, and $2,800 in the last four scenarios. This signaled a strong decoupling between the two crypto giants.

同時，隨著比特幣繼續收回100,000美元，ETH在過去四種情況下，穩定的價格下跌，交易價格為3,700美元，3,400美元，3,200美元和2,800美元。這標誌著兩個加密巨頭之間的強烈脫鉤。

Furthermore, this growing outmuscling is evident on the ETHBTC chart, with Ethereum now trading at 0.0281 BTC, marking a four-year low against Bitcoin as its price weakness intensifies.

此外，在ETHBTC圖表上，這種日益增長的爆發是顯而易見的，現在以太坊的交易價格為0.0281 BTC，標誌著比特幣的四年低點，因為其價格疲軟加劇了。

Interestingly, this trend is also observed among other major altcoins, including Dogecoin, BNB, and Cardano.

有趣的是，在其他主要山寨幣（包括Dogecoin，BNB和Cardano）中還觀察到了這一趨勢。

What Could Be Driving This?

什麼可能會駕駛這個？

This growing outperformance by Bitcoin could be attributed to its increasing market dominance. According to data from TradingView, Bitcoin's share of the crypto market has seen a substantial surge recently, especially over the past few days.

比特幣越來越多的表現可能歸因於其市場的占主導地位。根據TradingView的數據，比特幣在加密貨幣市場中的份額最近發生了巨大的激增，尤其是在過去的幾天中。

To provide some perspective, on Monday, Bitcoin’s dominance soared to a four-year high of 64.34%, showcasing its increasing market presence over the past two months. Although it has retraced slightly to 60.19% today, this rising stat could explain why Bitcoin has outperformed altcoins.

為了提供一些觀點，週一，比特幣的統治地位飆升至64.34％的四年高點，在過去兩個月中展示了其不斷增長的市場業務。儘管今天已經略有回顧至60.19％，但這個上升的統計數據可以解釋為什麼比特幣表現優於Altcoins。

Moreover, this increasing lead for Bitcoin also follows a growing influx of capital into the pioneer asset. A significant source of this flow is from the US spot exchange-traded funds (ETFs), which have recorded a cumulative positive flow of $1.1 billion in the past five days.

此外，比特幣不斷增加的潛在客戶還遵循了越來越多的資本流入先驅資產。該流量的重要來源來自美國現貨交易所貿易資金（ETF），在過去五天中，累計正流量為11億美元。

Altcoin Season: A Glimmer of Hope or Doomed to Fail?

Altcoin季節：希望還是注定要失敗？

Meanwhile, Bitcoin's decoupling against altcoins has also sparked speculations regarding the possibility of an "altseason." This topic was addressed by Sam Wouters, an executive at River Financial, in a recent analysis.

同時，比特幣與AltCoins的脫鉤也引發了人們對“季后賽”的可能性的猜測。在最近的一項分析中，這一主題是由River Financial的高管Sam Sam Wouters談到的。

Emphasizing his earlier stance on the matter, he went on to state that there will be no altcoin season—a market phase characterized by altcoins massively outperforming Bitcoin—during this bull cycle in his recent commentary.

他強調了他對此事的較早立場，他繼續指出，在他最近的評論中，這一牛市週期不超過比特幣的較高替代季節，這是山寨幣的特徵。

The marketing head based this analysis on Bitcoin's market cap decoupling from other cryptocurrencies.

營銷主管基於比特幣的市值與其他加密貨幣的分解。

Another prominent analyst, Murad, shared a similar perspective in a recent analysis. According to him, the industry has shifted permanently, with Bitcoin now being the main attraction.

另一位著名的分析師穆拉德（Murad）在最近的分析中分享了類似的觀點。據他介紹，該行業已經永久轉移，現在比特幣是主要吸引力。

Furthermore, the analyst also noted that the increasing number of new altcoins being deployed into the crypto market also contributes to this new reality.

此外，分析師還指出，部署到加密貨幣市場的越來越多的新Altcoins也為這一新現實做出了貢獻。

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Disclamier：此內容是信息的，不應被視為財務建議。本文中表達的觀點可能包括作者的個人意見，並且不反映加密基本意見。鼓勵讀者在做出任何投資決策之前進行徹底的研究。加密基礎對任何財務損失概不負責。