随着比特币（BTC）主导地位的下滑，山寨币季节可能即将到来

过去一个月，比特币 (BTC) 大幅上涨，交易员预计在年底前突破 10 万美元。

Bitcoin (BTC) price action showed signs of slowing down on 26th November, as the world’s largest cryptocurrency posted a 1.4% drop in 24 hours to trade at $94,198. This drop came after BTC rose to highs of $95,400 on 25th November.

11 月 26 日，比特币 (BTC) 价格走势出现放缓迹象，全球最大的加密货币在 24 小时内下跌 1.4%，交易价格为 94,198 美元。此次下跌是在 11 月 25 日 BTC 升至 95,400 美元高位之后发生的。

However, the recent drop in BTC price was not enough to stop a potential altcoin rally, as the Altcoin Season Index surged to multi-month highs.

然而，近期比特币价格的下跌不足以阻止潜在的山寨币反弹，因为山寨币季节指数飙升至数月高点。

At press time, the altcoin season index surged to 53, marking its highest level since April 2024. A rise in this index shows that altcoins are performing better than Bitcoin. It could also suggest the start of a major rally in the altcoin market.

截至发稿，山寨币季节指数飙升至 53，创下 2024 年 4 月以来的最高水平。该指数的上升表明山寨币的表现优于比特币。这也可能表明山寨币市场开始大幅反弹。

However, the beginning of an altcoin season will only be confirmed if this index rises above 75. If it rises to this level, it will confirm that other cryptos are delivering better returns compared to Bitcoin.

然而，只有当该指数升至 75 以上时，才能确认山寨币季节的开始。如果升至此水平，则将证实其他加密货币与比特币相比正在提供更好的回报。

Bitcoin dominance slips

比特币主导地位下滑

The surge in the altcoin season index has also been accompanied by a slight drop in Bitcoin’s dominance. In just one month, BTC’s market cap dominance has declined from 60% to around 56%, suggesting that altcoins were taking up Bitcoin’s market share.

山寨币季节指数的飙升也伴随着比特币主导地位的略有下降。在短短一个月内，BTC 的市值主导地位已从 60% 下降至 56% 左右，这表明山寨币正在占据比特币的市场份额。

Meanwhile, the ETH/BTC ratio has also bounced from range lows as Ethereum gains interest. Institutions also appear to be favoring Ethereum.

与此同时，随着以太坊的兴趣增加，ETH/BTC 比率也从区间低点反弹。机构似乎也青睐以太坊。

Data from SoSoValue shows that on 25th November, spot Ethereum exchange-traded funds (ETFs) had positive inflows of $2.8M, while inflows to Bitcoin ETFs came in negative at $438M.

SoSoValue 的数据显示，11 月 25 日，现货以太坊交易所交易基金 (ETF) 的资金流入为 280 万美元，而比特币 ETF 的资金流入为负，为 4.38 亿美元。

However, ETH price is yet to post a strong rebound, given that it traded at $3,273 at press time after a 3.6% drop. But over the past seven days, ETH has gained by around 6%.

然而，鉴于 ETH 价格在下跌 3.6% 后截至发稿时交易价格为 3,273 美元，尚未出现强劲反弹。但过去 7 天，ETH 上涨了 6% 左右。

Cardano & XRP lead altcoin rally

卡尔达诺和瑞波币引领山寨币涨势

While Ethereum is showing signs of strength, the two altcoins currently outperforming the other top-ten largest cryptocurrencies by market capitalization are Ripple’s XRP and Cardano (ADA).

虽然以太坊显示出强劲的迹象，但目前按市值计算，表现优于其他十大加密货币的两种山寨币是 Ripple 的 XRP 和 Cardano (ADA)。

ADA has gained 4% in the last seven days, while XRP has gained 7%. These coins were also among the top performers in November.

ADA 在过去 7 天内上涨了 4%，而 XRP 则上涨了 7%。这些硬币也是 11 月份表现最好的硬币之一。

Top meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB) had also posted strong gains over the past month before the recent pullback.

包括狗狗币 (DOGE) 和柴犬 (SHIB) 在内的热门模因币在最近回调之前的过去一个月也出现了强劲上涨。