由于分析师指出几个关键指标表明势头发生转变，山寨币市场可能正处于突破的边缘

经过几个月的表现下滑后，潜在的“山寨币季节”可能即将到来。

The altcoin market may be preparing for a breakout as several indicators suggest a shift in momentum. After lagging behind Bitcoin for most of 2023, several analysts believe altcoins could be set for an extended period of outperformance.

由于多项指标显示势头发生转变，山寨币市场可能正在为突破做准备。在 2023 年的大部分时间里，山寨币的表现都落后于比特币，但一些分析师认为，山寨币可能会在很长一段时间内表现出色。

The total market capitalization of altcoins (TOTAL2) is testing a crucial long-term support level. This trendline has acted as a key support for the altcoin market since the 2017 bull cycle.

山寨币的总市值（TOTAL2）正在测试关键的长期支撑位。自 2017 年牛市周期以来，这条趋势线一直是山寨币市场的关键支撑。

Independent analyst Mags highlighted the importance of this support in an Oct. 26 post on X. He noted that rebounds from this level have preceded major rallies.

独立分析师 Mags 在 10 月 26 日的 X 帖子中强调了这一支撑的重要性。他指出，从这一水平的反弹是在重大反弹之前发生的。

“The altcoin market cap is currently testing a long-term trendline support that has held strong for the past eight years.” Mags wrote in an Oct. 26 post on X. He added that this retest signals a bullish reversal, especially if buying pressure holds at current levels.

“山寨币市值目前正在测试过去八年来一直保持强劲的长期趋势线支撑。” Mags 在 10 月 26 日的 X 帖子中写道。他补充说，这次重新测试标志着看涨逆转，特别是如果购买压力保持在当前水平的话。

Analyst Moustache also pointed to a descending broadening wedge on the TOTAL2 chart. He described the recent 11% drop from $981 billion to $873 billion as a “deviation,” not a bearish reversal. Moustache predicts a breakout could occur within weeks.

分析师 Mustache 还指出 TOTAL2 图表上存在一个下降的楔形。他将近期从 9,810 亿美元跌至 8,730 亿美元的 11% 描述为“偏差”，而不是看跌逆转。小胡子预测，几周内可能会出现突破。

“A monster pump is long overdue for altcoins.”

“山寨币早就应该出现巨大的上涨。”

Bitcoin Dominance Could Delay Altcoin Rally

比特币的主导地位可能会延迟山寨币的反弹

Bitcoin’s dominance (BTC.D) has risen to over 60%, which typically suppresses altcoin growth. However, Benjamin Cowen, CEO of Into The Cryptoverse, noted that Bitcoin, Ethereum, and stablecoins collectively hold 80.51% market dominance, a level that previously preceded altcoin rallies in 2020 and 2023.

比特币的主导地位 (BTC.D) 已升至 60% 以上，这通常会抑制山寨币的增长。然而，Into The Cryptoverse 首席执行官本杰明·考恩 (Benjamin Cowen) 指出，比特币、以太坊和稳定币总共占据 80.51% 的市场主导地位，这一水平早于 2020 年和 2023 年山寨币反弹之前的水平。

“The altcoin market rallies when Bitcoin dominance declines.” Cowen explained, adding that patience may be needed as a full-fledged altcoin season could take shape in 2025. For now, the Altcoin Season Index, a metric by Blockchain Center, sits at 31—indicating that altcoins are gradually gaining strength.

“当比特币的主导地位下降时，山寨币市场就会反弹。” Cowen 解释道，并补充说，可能需要耐心，因为成熟的山寨币季节可能会在 2025 年形成。目前，区块链中心的指标山寨币季节指数为 31，表明山寨币正在逐渐增强。

The Altcoin Season Index, which tracks whether altcoins outصحابperform Bitcoin, recently rose to 31 from less than 25. For a true altcoin season, at least 75% of the top 50 cryptocurrencies must outصحابperform Bitcoin. Currently, only 30% of them, including Sui (SUI), Fantom (FTM), and Dogecoin (DOGE), have achieved this. However, the rising index suggests momentum is building.

追踪山寨币表现是否优于比特币的山寨币季节指数最近从不足 25 升至 31。对于真正的山寨币季节，排名前 50 的加密货币中至少有 75% 的表现必须优于比特币。目前，只有 30% 实现了这一目标，包括 Sui (SUI)、Fantom (FTM) 和 Dogecoin (DOGE)。然而，上涨的指数表明势头正在增强。