分析師認為，加密貨幣市場為川普就職後山寨幣反彈做好了準備

分析師認為，在唐納德·川普週一就職後，加密貨幣市場可能會為山寨幣的大規模上漲做好準備。

Crypto market may be setting up for altcoin rally post Trump inauguration: Coinbase analysts

Coinbase 分析師表示川普就職後加密貨幣市場可能會迎來山寨幣反彈

The crypto market could be setting up for a massive altcoin rally after Donald Trump’s inauguration on Monday, according to analysts at Coinbase.

Coinbase 分析師表示，唐納德·川普週一就職後，加密貨幣市場可能會迎來山寨幣的大規模上漲。

In a recent analysis, Coinbase analysts noted that the slight drop in Bitcoin’s [BTC] dominance earlier this week drove the latest altcoin pump.

Coinbase 分析師在最近的分析中指出，本週早些時候比特幣的主導地位略有下降，推動了最新的山寨幣上漲。

“Meanwhile, the drop in BTC dominance from 58.5% to its support level of 57.3% during the inflation print relief rally on January 15 suggests to us that traders may be positioning for an outsized altcoin market rally on the back of positive catalysts for risk assets and crypto,” the analysts wrote in part of their weekly market commentary.

同時，在1 月15 日通膨緩解反彈期間，比特幣的主導地位從58.5% 下降至57.3% 的支撐位，這向我們表明，在風險資產的積極催化劑的支持下，交易者可能正在為山寨幣市場的大幅反彈做好準備和加密貨幣，」分析師在每週市場評論中寫道。

Chris Burniske, a partner at crypto VC firm Placeholder and former ARK Invest crypto lead, also highlighted BTC dominance in his analysis, echoing a similar sentiment.

加密貨幣創投公司 Placeholder 的合夥人、前 ARK Invest 加密貨幣負責人 Chris Burniske 在他的分析中也強調了 BTC 的主導地位，呼應了類似的觀點。

“Importantly for the long tail, $BTC dominance has been slowly fading since late November ’24 – fireworks if that continues,” he said.

他表示：“對於長尾來說，重要的是，自 2024 年 11 月下旬以來，美元 BTC 的主導地位一直在慢慢消退——如果這種情況持續下去，那就太好了。”

According to Coinbase analysts David Duong and David Han, stablecoin inflows are another bullish signal for a likely altcoin pump.

Coinbase 分析師 David Duong 和 David Han 表示，穩定幣流入是山寨幣可能出現上漲的另一個看漲訊號。

They noted strong capital inflows in the space and a huge portion of it went to altcoins as BTC and ETH recorded outflows.

他們注意到該領域的資本流入強勁，其中很大一部分流向了山寨幣，而 BTC 和 ETH 則出現流出。

“Stablecoin supply – perhaps the most clear proxy for capital flows to these long tail assets in our view – increased by $1.3B last week, a continuation of trends we’ve observed over the past two months. This stands in contrast to net outflows from US spot BTC and ETH ETFs of $457M and $206M respectively,” the analysts noted in the report.

「在我們看來，穩定幣供應可能是這些長尾資產資本流動的最明顯指標，上週增加了 $1.3B，這是我們過去兩個月觀察到的趨勢的延續。這與美國現貨 BTC 和 ETH ETF 的淨流出分別為 4.57 億美元和 2.06 億美元形成鮮明對比，」分析師在報告中指出。

However, another indicator, ETH/BTC, doesn’t seem to be aligning with the rest, at least at the time of writing this report.

然而，另一個指標 ETH/BTC 似乎與其他指標並不一致，至少在撰寫本報告時是如此。

This ratio tracks ETH’s relative performance against BTC, with the same rallying during November’s strong altcoin season.

該比率追蹤了 ETH 相對於 BTC 的相對表現，在 11 月強勁的山寨幣季節期間也出現了同樣的反彈。

At press time, this ratio is down to a new record low of 0.31. As part of the altcoin sector’s barometer, this doesn’t bode well for the anticipated altcoin rally, especially if the November trend is repeated.

截至發稿時，該比率已降至 0.31 的新紀錄低點。作為山寨幣行業晴雨表的一部分，這對於預期的山寨幣反彈來說並不是一個好兆頭，特別是如果 11 月的趨勢重複的話。

That being said, altcoins like Fartcoin and XRP were the weekly winners, with nearly 100% and 30% gains, respectively. Solana [SOL] also logged 30% gains, while Hedera posted 22% gains.

話雖如此，Fartcoin 和 XRP 等山寨幣是每週的贏家，分別上漲了近 100% 和 30%。 Solana [SOL] 也上漲了 30%，而 Hedera 則上漲了 22%。

It’s also worth noting that Hedera and XRP were among the top performers in November’s altcoin run too. It remains to be seen whether they can sustain the momentum this time.

另外值得注意的是，Hedera 和 XRP 也在 11 月的山寨幣走勢中名列前茅。這次他們能否保持勢頭還有待觀察。