Coinbase 分析師認為，隨著比特幣主導地位的下降，山寨幣可能會上漲

他們指出，在 1 月 15 日通膨緩解反彈期間，比特幣的主導地位最近有所下降——從 58.5% 降至 57.3%，這表明交易者可能正在準備

Coinbase highlights several indicators suggesting a potential altcoin rally.

Coinbase 強調了幾個顯示山寨幣潛在上漲的指標。

The recent inflation relief rally saw a decline in Bitcoin’s dominance, dropping from 58.5% to 57.3%. This decrease, albeit small, may indicate a shift in trader attention toward altcoins.

最近的通膨緩解反彈導致比特幣的主導地位下降，從 58.5% 降至 57.3%。這種下降雖然很小，但可能表明交易者的注意力轉向山寨幣。

Furthermore, Bitcoin's dominance has been gradually decreasing since late November 2024. If this trend continues, it could pave the way for a broader altcoin market rally.

此外，自 2024 年 11 月下旬以來，比特幣的主導地位一直在逐漸下降。

Coinbase analysts also observed substantial stablecoin inflows, with $1.3 billion added in the past week. This contrasts with net outflows from Bitcoin and Ethereum ETFs, suggesting that capital is flowing into altcoins, setting the stage for a potential rally.

Coinbase 分析師也觀察到穩定幣大量流入，過去一周新增了 13 億美元。這與比特幣和以太坊 ETF 的淨流出形成鮮明對比，表明資本正在流入山寨幣，為潛在的反彈奠定了基礎。

However, it's important to note that the ETH/BTC ratio, which tracks Ethereum's performance relative to Bitcoin, has hit a record low of 0.31. This metric doesn't fully align with the anticipated altcoin momentum, as seen during previous altcoin seasons, where Ethereum typically outperformed Bitcoin to a greater extent.

然而，值得注意的是，追蹤以太坊相對於比特幣表現的 ETH/BTC 比率已創下 0.31 的歷史新低。這項指標並不完全符合預期的山寨幣勢頭，正如之前山寨幣季節所見，以太坊通常在更大程度上優於比特幣。

In summary, Coinbase's analysis suggests that traders are positioning themselves for a potential altcoin rally, supported by declining Bitcoin dominance and increased stablecoin inflows. While these indicators are suggestive, the performance of specific altcoins, such as Ethereum, relative to Bitcoin, will be a crucial factor to monitor in assessing the overall market dynamics.

總而言之，Coinbase 的分析表明，在比特幣主導地位下降和穩定幣流入增加的支持下，交易者正在為潛在的山寨幣反彈做好準備。雖然這些指標具有啟發性，但特定山寨幣（例如以太坊）相對於比特幣的表現將是評估整體市場動態時需要監控的關鍵因素。