CryptoQuant首席執行官說Altcoin季節已經開始

根據CryptoQuant的數據，期待已久的Altcoin季節可能已正式到達。加密市場公司的首席執行官

CryptoQuant data suggests that the long-awaited altcoin season may have officially arrived. According to Ki Young Ju, CEO of the crypto market company, there has been a significant surge in altcoin volume on Centralised Exchanges (CEXs).

加密數據表明，期待已久的Altcoin季節可能已正式到達。據加密市場公司首席執行官Ki Young Ju表示，集中式交易所（CEXS）的Altcoin數量激增。

Presenting a detailed price chart of the volume ratio of Bitcoin versus altcoins on CEXs, Ju showed that altcoins have been seeing significantly higher trading volume than BTC. Unlike previous bull market cycles, Bitcoin Dominance (BTC.D) is no longer the sole factor in determining the start of the altcoin season. Some analysts even suggest that the altcoin season is no longer dependent on Bitcoin dominance.

JU顯示了比特幣與Altcoins的體積比的詳細價格圖表，顯示AltCoins的交易量明顯高於BTC。與以前的牛市週期不同，比特幣優勢（BTC.D）不再是確定Altcoin季節開始的唯一因素。一些分析師甚至表明，Altcoin季節不再取決於比特幣的優勢。

Typically, during past altcoin seasons, investors and holders rotated their profits between Bitcoin and altcoins. This time, the CryptoQuant CEO suggests that even stablecoin holders move the market, favoring altcoins more than BTC and directly entering positions.

通常，在過去的Altcoin季節中，投資者和持有人在比特幣和Altcoins之間旋轉了利潤。這次，加密首席執行官認為，即使是Stablecoin持有人也會轉移市場，比BTC更偏愛Altcoins並直接進入職位。

Yu's chart shows that altcoin volume on CEXs has exceeded that of Bitcoin by 2.71x based on the 90-day Moving Average (MA). Despite this increase, the CryptoQuant CEO warns that the rally set to follow the altcoin season will be selective, and not all altcoins may benefit.

Yu的圖表顯示，根據90天移動平均線（MA），CEXS上的AltCoin量已超過2.71倍。儘管這一增加了這一增加，但加密首席執行官警告說，遵循山寨幣季節的集會將是有選擇性的，並且並非所有山寨幣都可能受益。

During the last bull run, the same event occurred, where only the most prominent coins, with proper utility, robust community, and a grand narrative, skyrocketed. On the other hand, low-cap altcoins experienced an increase, however, not as explosive as the ones recorded by coins like Solana, Cardano, and more.

在最後一次公牛跑期間，發生了同樣的事件，只有最突出的硬幣，具有適當的實用性，強大的社區和宏偉的敘述，猛增。另一方面，低型山頂幣經歷了增加，但是不如Solana，Cardano等硬幣記錄的那樣爆炸性。

Based on Yu's analysis the Bitcoin dominance no longer defines an altcoin season; rather, the trading volume does. Historically, a rise in BTC.D is seen as a deterrent to an altcoin season as the market is supposedly more interested in Bitcoin. Conversely, a decline in Bitcoin dominance is an indication of a shift in the market's sentiment toward altcoins, signaling the possible onset of the altcoin season.

根據YU的分析，比特幣的主導地位不再定義Altcoin季節。相反，交易量確實如此。從歷史上看，BTC.D的上升被視為對Altcoin季節的威懾，因為據說市場對比特幣更感興趣。相反，比特幣優勢的下降表明，市場對山寨幣的情緒轉變，這表明了Altcoin季節的發作。

Analyst Forecasts A Final Market Decline Before Altcoin Season

分析師預測替代賽季之前的最終市場下降

While the start of an altcoin season could alleviate current bearish pressures on altcoins in the market, uncertainty still looms about whether this highly anticipated and recurring historical trend will occur in this bull cycle.

儘管Altcoin季節的開始可能會減輕市場上山寨幣當前的看跌壓力，但不確定性仍然隱約存在這種備受期待且經常出現的歷史趨勢在這個公牛週期中是否會發生。

A crypto analyst, identified as the ‘Alternative Bull’ has projected a final decline before the potential start of an altcoin season. The analyst forecasts that the altcoin season index chart will experience a significant drop and then skyrocket towards the 90 threshold before the end of 2025, as seen in the chart.

一位被確定為“替代公牛”的加密分析師預計在Altcoin賽季的潛在開始之前，最終下降了。分析師預測，AltCoin季節指數圖將大幅下降，然後在2025年底之前朝90個閾值飛漲，如圖所示。

Presently, the altcoin market cap, standing at $280.5 billion, has completed the second part of its previously formed Double Bottom pattern. This unique technical pattern is often seen as a bullish indicator, signaling a potential reversal from a downtrend to an uptrend. According to Rekt Capital on X, the altcoin market cap is attempting to break out of this pattern and initiate a bullish move towards a $300 billion valuation.

目前，Altcoin市值為2805億美元，已完成其先前形成的雙重底層模式的第二部分。這種獨特的技術模式通常被視為看漲指標，表明潛在的逆轉從下降到上升趨勢。根據X上的Rekt Capital的說法，Altcoin市值正試圖擺脫這種模式，並啟動看漲的估值，這是一項看漲的行動。