自2023年以来，比特币（BTC）的优势一直在稳步上升

目前的BTC市场优势约为61.6％，低于2月3日记录的64.3％的当地峰值。

Bitcoin (BTC) dominance, a measure of the flagship cryptocurrency's overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.

比特币（BTC）优势是旗舰加密货币在加密货币市场中的总体份额的衡量标准，自2023年以来，在新的加密货币硬币和代币的洪流中一直在稳步上升。

The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3. BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.

目前的BTC市场优势约为61.6％，比2月3日记录的当地高峰降低了64.3％。BTC市场优势在2月2日以上的60％以上，因为人们担心对美国及其贸易零件之间的贸易延长贸易战争的一般市场下降。

Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market downturn hit altcoins harder than BTC due to their lower liquidity and higher-risk profiles.

宏观经济的不确定性通常会损害风险资产的损失，并且由于其流动性较低和较高风险的概况，最近的市场下跌比BTC更严重。

Bitcoin market dominance has been rising since 2023. Source: TradingView

比特币市场的优势自2023年以来一直在上升。资料来源：TradingView

The current market cycle also features Bitcoin exchange-traded funds (ETFs), which silo liquidity into these financial instruments — preventing capital rotation into altcoins, which crypto traders and investors have become accustomed to.

当前的市场周期还包括比特币交易所交易基金（ETF），这些基金（ETF）将其流动到这些金融工具中，以防止资本旋转到AltCoins，加密货币商和投资者已经习惯了。

Previous cycles were characterized by investors rotating profits from less risky assets such as BTC into progressively higher-risk investments, beginning with high market cap altcoins and eventually working their way into smaller cap tokens.

先前的周期的特征是投资者将来自BTC等风险较小的资产的利润旋转为逐步的高风险投资，从高市上限山顶船上开始，最终将其发展为较小的帽子代币。

The liquidity siloed in traditional investment vehicles coupled with the proliferation of new coins and tokens competing for limited investor attention and capital has led some analysts to suggest that altcoin season is now a thing of the past and will not be a feature of the current or future market cycles.

传统投资工具中孤立的流动性，再加上新硬币和代币的扩散，争夺有限的投资者注意力和资本，导致一些分析师表明，AltCoin季节现在已经成为过去，并且不会成为当前或未来市场周期的特征。

Related: Bitcoin poised to reclaim $90,000, according to derivatives metrics

相关：根据衍生品指标的说法，比特币准备收回$ 90,000

Too many tokens have saturated the market

太多的代币使市场饱和

The total number of cryptocurrency tokens and coins listed on CoinMarketCap on Feb. 8 was below 11 million unique assets, as of March 15 the number of digital assets listed on the website has surged to over 12.7 million.

2月8日，在CoinMarketCap上列出的加密货币令牌和硬币的总数低于1100万个唯一资产，截至3月15日，该网站上列出的数字资产数量已飙升至1,270万。