比特币（BTC）市场优势飙升至64％，四年来达到其最高水平

比特币（BTC）的市场优势已飙升至64％，在四年来达到了其最高水平。

Bitcoin’s (BTC) market dominance has surged to 64%, reaching its highest level in over four years. However, experts remain divided on what this means for the future. Some predict an impending altcoin season, and others caution that Bitcoin’s dominance could continue to suppress altcoins.

比特币（BTC）的市场优势已飙升至64％，在四年来达到了其最高水平。但是，专家对这对未来意味着什么仍然存在分歧。有些人预测即将来临的山寨币季节，另一些人警告比特币的主导地位可能会继续抑制山寨币。

What Is Bitcoin Dominance?

什么是比特币优势？

Bitcoin dominance (BTC.D) is the percentage of the total cryptocurrency market capitalization that BTC holds. It is a key indicator of Bitcoin’s market strength relative to other cryptocurrencies. A rising dominance suggests that Bitcoin is outperforming altcoins, while a decrease may signal growing interest or investment in other digital assets.

比特币优势（BTC.D）是BTC拥有的总加密货币市值的百分比。相对于其他加密货币，它是比特币市场强度的关键指标。不断上升的优势表明，比特币表现优于山寨币，而下降可能表明对其他数字资产的兴趣或投资不断增长。

The metric has been steadily increasing since late 2022. As of the latest data, it surged to 64%, marking highs last seen in early 2021.

自2022年底以来，该指标一直在稳步增长。从最新数据开始，该指标飙升至64％，标志着2021年初最后一次出现的高点。

Notably, Benjamin Cowen, founder of Into The Cryptoverse, highlighted that the number is much higher when excluding stablecoins.

值得注意的是，Cryptoverse的创始人本杰明·考恩（Benjamin Cowen）强调，在排除稳定菌的数字时，这个数字要高得多。

“Excluding stable coins, Bitcoin dominance is now at 69%,” Cowen revealed.

Cowen透露：“除了稳定的硬币外，比特币优势现在为69％。”

The rise in Bitcoin dominance has sparked debate among analysts about its implications for altcoins.

比特币优势的上升激发了分析师在其对山寨币的影响之间的辩论。

Cowen believes there will be a correction or downward movement in altcoins before any substantial gains can be expected in the market. This implies that the altcoin season may not be imminent yet.

Cowen认为，在市场上预计任何可观的收益之前，Altcoins都会进行更正或下降。这意味着Altcoin季节可能尚不明确。

“I think ALT/ BTC pairs need to go down before they can go up,” he stated.

他说：“我认为ALT/ BTC对需要降下来，然后才能上升。”

Nordin, founder of Nour Group, also expressed caution. He stressed that Bitcoin dominance is nearing the levels seen during the peak of the 2020 bear market.

Nour Group的创始人Nordin也表示谨慎。他强调，比特币优势接近2020年熊市高峰期间所见水平。

“This isn’t just a BTC move. Its capital rotating out of alts,”

“这不仅是BTC的举动。其资本从Alts旋转。”

Moreover, Nordin warned that a break above 66% could intensify selling pressure on altcoins. This, in turn, could delay the altcoin season.

此外，诺丁警告说，超过66％的休息可能会加剧对山寨币的销售压力。反过来，这可能会延迟Altcoin季节。

“Bitcoin dominance back to 64%. No Alt seasons in 2024 or 2025,” analyst, Alessandro Ottaviani, predicted.

分析师Alessandro Ottaviani预测：“比特币的优势可以追溯到64％。2024年或2025年没有Alt季节。”

On the other hand, analyst Mister Crypto predicts that Bitcoin’s dominance may follow a long-term descending triangle pattern. A descending triangle typically suggests bearish momentum, where the price or dominance gradually decreases as lower highs are formed.

另一方面，分析师Crypto先生预测，比特币的主导地位可能遵循长期下降的三角模式。下降的三角形通常表明看跌动量，在形成较低的高点时，价格或优势逐渐下降。

However, this could prolong its market control before a broader correction allows altcoins to gain traction.

但是，这可能会延长其市场控制，然后再进行更广泛的校正允许山寨币获得吸引力。

Another analyst mentioned that Bitcoin dominance is currently testing the resistance zone between 64% and 64.3%. Therefore, a possible retracement may be on the horizon. Should this retracement occur, altcoins could begin to gain traction, with some potentially emerging as top performers in the market as capital shifts away from Bitcoin.

另一位分析师提到，比特币优势目前正在测试64％至64.3％的电阻区。因此，可能的回答可能即将到来。如果发生这种回答，AltCoins可能会开始获得吸引力，并且随着资本从比特币转移，可能会成为市场上最佳绩效。

“However, a breakout from this zone could mean further declines for alts,” the analyst remarked.

这位分析师说：“但是，该区域的突破可能意味着ALTS进一步下降。”

Finally, Junaid Dar, CEO of Bitwardinvest, offered a more optimistic view. According to Dar’s analysis, if Bitcoin’s dominance drops below 63.45%, it could trigger a strong upward movement in altcoins. This, he believes, would create an ideal opportunity to profit from altcoin positions.

最后，Bitwardinvest首席执行官Junaid Dar提供了更加乐观的视野。根据DAR的分析，如果比特币的优势下降到63.45％以下，则可能会引发山寨币的强烈向上运动。他认为，这将创造一个理想的机会从Altcoin职位上获利。

“For now, alts are stuck. Just a matter of time,” Dar added.

“就目前而言，Alts被卡住了。只是时间问题，” Dar补充说。

Tether Dominance Signals Potential Altcoin Season

系绳优势信号潜在的altcoin季节

Meanwhile, many analysts believe that the trends in Tether dominance (USDT.D) signal a potential altcoin season. From a technical analysis standpoint, USDT.D has reached a resistance zone and may be due for a correction, suggesting the possibility of capital flowing from USDT into altcoins.

同时，许多分析人士认为，系绳优势（USDT.D）的趋势表明了潜在的Altcoin季节。从技术分析的角度来看，USDT.D已达到电阻区，可能要进行校正，这表明资本从USDT流向AltCoins的可能性。

“The USDTD is in a rejection zone, as long as it does not close above 6.75% it will be favorable for the market,” a technical analyst wrote.

一位技术分析师写道：“ USDTD处于拒绝区域，只要它不关闭6.75％，它将有利于市场。”

Another analyst also stressed that the USDT.D and USD Coin dominance (USDC.D) have reached resistance, forecasting an incoming altcoin season. Doğu Tekinoğlu drew similar conclusions by observing the combined chart of BTC.D, USDT.D, and USDC.D.

另一位分析师还强调，USDT.D和USD硬币优势（USDC.D）已达到抵抗力，预测了即将到来的Altcoin季节。 DoğuTekinoğlu通过观察BTC.D，USDT.D和USDC.D的合并图表得出了类似的结论。

As Bitcoin’s dominance climbs, investors are closely monitoring these technical and on-chain signals. The interplay between Bitcoin’s strength and stablecoin dynamics could dictate whether altcoins stage a comeback this summer or face further consolidation. For now, Bitcoin’s grip on the market remains firm.

随着比特币的统治地位，投资者正在密切监视这些技术和链上信号。比特币的实力与稳定动力学之间的相互作用可以决定山寨币今年夏天卷土重来还是面临进一步的巩固。目前，比特币对市场的控制仍然很坚定。