這個加密貨幣市場週期有些不滿意

如果您想知道為什麼Altcoins不按預期的方式表現，那麼您並不孤單。從歷史上看，Altseason（Altcoins勝過比特幣）一直是關鍵階段

In the constantly shifting landscape of cryptocurrency, a question that has occupied the minds of many is: When will altseason arrive?

在加密貨幣的不斷變化的景觀中，這個問題佔據了許多人的思想：altseason何時到達？

Historically, altseason — when altcoins outperform Bitcoin — has been a key phase in every major bull run. However, this time, things are different. Bitcoin (BTC) has already reached new all-time highs multiple times, yet many top altcoins are still lagging behind their previous cycle peaks.

從歷史上看，Altseason（Altcoins勝過比特幣）在每次大公牛比賽中都是一個關鍵階段。但是，這次情況有所不同。比特幣（BTC）已經多次達到了新的歷史最高高點，但是許多頂級山羊仍然落後於其先前的周期峰。

Despite Bitcoin hitting new highs and crypto exchange-traded funds (ETFs) gaining immense popularity among institutional investors, one would expect to see new liquidity translate into altcoins performing well. But that doesn’t seem to be happening.

儘管比特幣達到了新的高點和加密交易所交易的資金（ETF），但在機構投資者中獲得了巨大的知名度，但人們希望看到新的流動性轉化為Altcoins的表現良好。但這似乎沒有發生。

Instead, most of the attention is on memecoins, which have seen a recent surge in interest. However, this has also led to a saturation of the market with an overwhelming number of tokens.

取而代之的是，大多數關注是對紀念因素的關注，這些因素最近引起了人們的興趣激增。但是，這也導致了市場飽和的含量，使代幣數量不堪。

Moreover, with rising inflation and a potential recession looming, one would expect institutional investors to shift their focus toward safer assets like bonds.

此外，隨著通貨膨脹率不斷上升和潛在的衰退迫在眉睫，人們會期望機構投資者將注意力轉向諸如債券之類的更安全的資產。

So, what’s going on here? Is altseason just delayed, or could it be that it won’t come at all? And if it does eventually arrive, how will it differ from previous cycles?

那麼，這是怎麼回事？ Altseason只是延遲了，還是根本不會來？如果它最終到達，它與以前的周期有何不同？

To get a better understanding of the current crypto market trends and what to expect next, we spoke with several crypto analysts.

為了更好地了解當前的加密市場趨勢以及接下來的期望，我們與幾位加密分析師進行了交談。

Why is new liquidity primarily flowing into Bitcoin ETFs and not altcoins? Could institutional investors be permanently reshaping the crypto landscape, and what does that mean for altcoins?

為什麼新的流動性主要流入比特幣ETF而不是山寨幣？機構投資者可以永久重塑加密貨幣景觀，這對山寨幣意味著什麼？

In addition, we discuss whether the rise of memecoins has diluted liquidity, diverting attention away from altcoins’ chances to rally. As the market becomes saturated with tokens and institutional capital moves toward safer assets, what does this mean for altcoins’ future?

此外，我們討論了模因素的興起是否已稀釋流動性，將注意力從山寨幣的機會轉移到集會上。隨著市場變得飽和，代幣和機構資本向更安全的資產邁進，這對altcoins的未來意味著什麼？

Our discussion will also include altcoins that are positioned to benefit despite market challenges. Could these altcoins be the ones to catch the next big wave?

我們的討論還將包括儘管有市場挑戰，這些山寨幣有助於受益。這些山寨幣可能是捕捉下一波大浪的山幣嗎？

To find out the answers to these questions, check out the full video on Cointelegraph’s YouTube channel, and don’t forget to subscribe for more insights on the crypto market!

要查找這些問題的答案，請查看Cointelegraph的YouTube頻道上的完整視頻，不要忘記訂閱對加密市場的更多見解！