分析师表示，随着比特币主导地位的减弱，山寨币季节已经到来

随着比特币的交易价格继续低于 10 万美元的里程碑，加密货币市场的焦点正在转向山寨币。

As Bitcoin continues to trade below the $100,000 milestone, attention in the cryptocurrency market is shifting towards altcoins.

随着比特币的交易价格继续低于 100,000 美元的里程碑，加密货币市场的注意力正在转向山寨币。

Analysts at VanEck, a major investment management firm, suggest that the long-anticipated “altcoin season” has arrived, fueled by strong performance in the decentralized finance (DeFi), gaming, and non-fungible token (NFT) sectors, as reported by Cryptopolitan.

据报道，大型投资管理公司 VanEck 的分析师表示，在去中心化金融（DeFi）、游戏和不可替代代币（NFT）领域强劲表现的推动下，期待已久的“山寨币季节”已经到来。密码城。

Bitcoin, the world's leading cryptocurrency, has faced challenges in breaking past its all-time high of $108,135, currently hovering around $90,000. Some anticipate that policy changes in 2025 under a potential second Trump administration could reignite Bitcoin's bullish momentum. However, the current market conditions appear to favor altcoins.

比特币是全球领先的加密货币，在突破 108,135 美元的历史高点方面面临挑战，目前徘徊在 90,000 美元左右。一些人预计，特朗普第二届政府可能在 2025 年出现政策变化，可能会重新点燃比特币的看涨势头。然而，当前的市场状况似乎有利于山寨币。

VanEck’s head of digital research, Matthew Sigel, highlights that Bitcoin's dominance in terms of liquidity and market capitalization often enables altcoins to flourish when investors pursue higher-risk opportunities.

VanEck 的数字研究主管 Matthew Sigel 强调，当投资者追求高风险机会时，比特币在流动性和市值方面的主导地位往往使山寨币能够蓬勃发展。

Artemis’s Altcoin Season Index, which tracks the performance of the top 50 altcoins relative to Bitcoin over a 90-day period, currently stands at 0.8, indicating strong altcoin activity. Additionally, CoinMarketCap’s index recently peaked at 87, further underscoring the strong momentum in the altcoin market.

Artemis 的山寨币季节指数追踪 90 天内排名前 50 的山寨币相对于比特币的表现，目前为 0.8，表明山寨币活动强劲。此外，CoinMarketCap 指数最近触及 87 的峰值，进一步凸显了山寨币市场的强劲势头。

Technical analysts, such as Captain Faibik, have observed a breakout in Bitcoin's dominance, suggesting favorable conditions for altcoins to lead the market performance. The growing interest in DeFi, gaming applications, and NFTs has further catalyzed this shift, drawing capital and attention to emerging blockchain technologies.

Captain Faibik 等技术分析师观察到比特币的主导地位出现突破，这表明山寨币有利于引领市场表现。人们对 DeFi、游戏应用和 NFT 日益增长的兴趣进一步催化了这一转变，吸引了资本和对新兴区块链技术的关注。

As Bitcoin undergoes a sustained price correction, many investors are venturing beyond its performance to uncover opportunities in the altcoin market. With decentralized applications continuing to gain traction, the cryptocurrency landscape is set to experience significant diversification in the coming months.

随着比特币价格持续调整，许多投资者正在超越其表现，寻找山寨币市场的机会。随着去中心化应用程序不断受到关注，加密货币领域将在未来几个月内经历显着的多样化。

The cryptocurrency market is experiencing a period of stability, thanks to growing institutional confidence. Experts attribute this shift to crypto ETFs, which have bolstered the legitimacy of digital assets in traditional finance.

由于机构信心不断增强，加密货币市场正在经历一段稳定时期。专家将这种转变归因于加密货币 ETF，它增强了传统金融中数字资产的合法性。