Altcoin季节不会很快到来，这就是为什么

加密市场仍在等待备受期待的Altcoin季节，但迹象表明它可能不会很快到达。当资本从比特币转向以太坊（ETH）等顶级山寨币时，山寨币季节通常会启动，从而引发了广泛的集会。

The crypto market is still waiting for the much-anticipated altcoin season, but signs suggest it may not arrive anytime soon.

加密市场仍在等待备受期待的Altcoin季节，但迹象表明它可能不会很快到达。

Typically, altcoin seasons begin when capital flows from Bitcoin to top altcoins like Ethereum (ETH), triggering widespread rallies. However, this cycle is different—Ethereum’s weak performance and a changing Altcoin Season Index at 45 (out of 100) are holding things back.

通常，当资本从比特币流向以太坊（ETH）等顶级山寨币时，Altcoin季节开始触发广泛的集会。但是，这个周期是不同的 - Ethereum的性能较弱，而Altcoin季节的变化为45（满分100分）正在阻止一切。

Funds Move to Stablecoins, Not Altcoins

资金转移到Stablecoins，而不是Altcoins

Crypto analyst Ali Martinez recently pointed out a major shift: instead of moving from Bitcoin and Ethereum into altcoins, capital is flowing into stablecoins. This trend shows that investors are playing it safe, avoiding riskier bets on altcoins due to market uncertainty. Without strong inflows, altcoins are struggling to gain momentum.

加密分析师阿里·马丁内斯（Ali Martinez）最近指出了一个重大转变：与其从比特币和以太坊转向山寨币，不如将资本流入稳定的情况下。这一趋势表明，由于市场不确定性，投资者正在安全地发挥其安全性，避免了对Altcoins的风险赌注。没有强大的流入，Altcoins正在努力获得动力。

Capital continues to flow out of #Bitcoin and #Ethereum into stablecoins.

资本继续从#BitCoin和#Ethereum流入Stablecoins。

No signs of altseason yet!

尚无季后赛的迹象！

pic.twitter.com/k7cDphNn7i

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Since Donald Trump’s election win, the supply of stablecoins has surged. Tether’s (USDT) supply has jumped by $20 billion, reaching a total of $140 billion, while USD Coin (USDC) has grown by $17 billion to hit $52 billion. Tether has also become the third-largest buyer of U.S. Treasuries, investing a staggering $113 billion in 2024.

自从唐纳德·特朗普（Donald Trump）赢得胜利以来，稳定币的供应激增。 Tether的（USDT）供应量增长了200亿美元，总计1,400亿美元，而美元硬币（USDC）增长了170亿美元，达到520亿美元。 Tether也已成为美国国债的第三大买家，在2024年投资了惊人的1,130亿美元。

As stablecoin adoption grows, we might see a surge of liquidity flowing back into the crypto market. Moreover, with crypto czar David Sacks, mentioning stablecoins as a prime focus in US economy, stablecoins with a $227 Billion market cap is expected to boom even more in the coming months.

随着Stablecoin采用的增长，我们可能会看到流动性流入加密货币市场。此外，随着加密沙皇大卫·萨克斯（David Sacks）提到了稳定币是美国经济的主要重点，预计在接下来的几个月中，具有2270亿美元市值的Stablecoins将会更加蓬勃发展。

Ethereum’s Downward Slide

以太坊的下滑

Ethereum has historically been the spark that ignites altcoin seasons. In past bull runs, ETH led the charge, bringing attention and capital to the broader altcoin market. But right now, Ethereum is underperforming. Its price has remained largely flat over the last few months, and traders are shifting their focus to other Layer 1 projects and speculative tokens.

从历史上看，以太坊一直是点燃山寨币季节的火花。在过去的公牛奔跑中，ETH领导了这一指控，将注意力和资本带到了更广泛的Altcoin市场。但是现在，以太坊的表现不佳。在过去的几个月中，其价格基本上保持平坦，交易者将重点转移到其他第1层项目和投机令牌上。

Crypto trader Picolas Cage highlighted that altcoins can’t recover unless Ethereum bounces back. In previous bull markets, ETH fueled trends like ICOs, DeFi Summer, and the NFT boom. Without similar growth drivers today, altcoins are left struggling.

加密交易者Picolas Cage强调，除非以太坊反弹，否则Altcoins无法恢复。在以前的牛市中，ETH促进了ICO，Defi Summer和NFT繁荣等趋势。如今，没有类似的增长驱动力，AltCoins就会挣扎。

When Will Altseason Return?

阿尔特赛季什么时候回来？

Global events have also impacted the crypto market. A recent flash crash triggered by new tariffs imposed by Donald Trump caused a massive sell-off across stocks, commodities, and crypto.

全球事件也影响了加密市场。最近，唐纳德·特朗普（Donald Trump）征收的新关税引发的一次闪电击事故引起了股票，商品和加密货币的大量抛售。

Altcoins took the biggest hit, with the total market cap dropping from $1.46 trillion at the end of January to $1 trillion by February 3, wiping out $460 billion in value.

Altcoins取得了最大的打击，总市值从1月底的1.4.6万亿美元下降到2月3日到2月3日的1万亿美元，消耗了4600亿美元的价值。

According to crypto analyst Rekt Capital, Bitcoin’s market dominance needs to exceed 70% before an altseason can begin.

根据加密分析师Rekt Capital的说法，在季后赛开始之前，比特币的市场优势需要超过70％。

#BTC Dominance

#BTC优势

The strongest Altseasons have occurred every time Bitcoin Dominance rejected from 71%

每次比特币优势从71％拒绝时，最强大的高季节发生了

$BTC #Crypto #Bitcoin

$ btc #crypto #bitcoin

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https://t.co/4rc6se2pxr pic.twitter.com/15bd906jg3

Currently, Bitcoin’s dominance is rising, but it’s not there yet. If history repeats itself, the real altseason might start once Bitcoin dominance reaches 71% and then pulls back. Until then, the crypto market remains in a holding pattern, with altcoins waiting for their moment to shine.

目前，比特币的主导地位正在上升，但还没有。如果历史重演，一旦比特币优势占据71％，那么真正的Altseason可能会开始。在此之前，加密货币市场仍然处于持有模式，山寨币等待他们的时刻发光。

Never Miss a Beat in the Crypto World!

永远不要错过加密世界中的节拍！

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

在Breaking News，专家分析以及对比特币，Altcoins，Defi，NFTS等最新趋势的实时更新中保持领先地位。