比特币的主导地位不断增强，山寨币面临着艰苦的战斗

随着比特币影响力的增长，山寨币正在努力跟上。许多人想知道山寨币大幅上涨的日子是否已经结束。

Bitcoin’s strong buy signals and rising dominance are putting altcoins in a difficult position. As BTC pulls more attention and investors shift their money, many altcoins are facing sharp declines.

比特币强烈的购买信号和不断上升的主导地位使山寨币陷入困境。随着比特币吸引更多关注以及投资者转移资金，许多山寨币面临大幅下跌。

According to data from CoinGecko, prices of major altcoins fell between 10% and 30% in just one week. Ripple [XRP] dropped nearly 10% but stayed above $2. Cardano [ADA], however, saw a bigger drop, losing 18% and slipping below $1. Ethereum [ETH], on the other hand, held stronger, dropping just 6% while staying above $3,500.

根据 CoinGecko 的数据，主要山寨币的价格在短短一周内下跌了 10% 至 30%。 Ripple [XRP] 下跌近 10%，但仍保持在 2 美元以上。然而，卡尔达诺 [ADA] 的跌幅更大，下跌了 18%，跌破 1 美元。另一方面，以太坊 [ETH] 表现强劲，仅下跌 6%，但仍保持在 3,500 美元上方。

Interestingly, not all altcoins suffered the same fate. Some tokens, such as Hyperliquid [HYPE] and Pudgy Penguins [PENGU], managed to thrive even in the weakening market. Prices of HYPE rose by 40%, and those of PENGU soared by an impressive 425%. These exceptions show that even when the market takes a downturn, some tokens can still perform well.

有趣的是，并非所有山寨币都遭受了同样的命运。一些代币，例如 Hyperliquid [HYPE] 和 Pudgy Penguins [PENGU]，即使在市场疲软的情况下也能蓬勃发展。 HYPE 的价格上涨了 40%，PENGU 的价格飙升了 425%，令人印象深刻。这些例外情况表明，即使市场低迷，一些代币仍然可以表现良好。

However, on-chain analyst Joao Wedson has warned traders to stay cautious with altcoins. According to him, Bitcoin’s dominance recently hit a bottom above 54%, and it’s likely to grow stronger in the coming weeks. When Bitcoin dominates, It often means that investors are gradually shifting their money out of altcoins and into BTC or stablecoins.

然而，链上分析师 Joao Wedson 警告交易者对山寨币保持谨慎。据他介绍，比特币的主导地位最近触底超过 54%，并且在未来几周内可能会变得更强。当比特币占据主导地位时，通常意味着投资者逐渐将资金从山寨币转移到比特币或稳定币。

Moreover, Wedson also noted that BTC’s dominant 90-day change had recently turned positive for the first time since last November’s altcoin rally. Consequently, this indicates that BTC is steadily gaining strength, which, in turn, could continue to keep altcoins under pressure.

此外，Wedson 还指出，自去年 11 月山寨币上涨以来，BTC 的主导 90 天变化最近首次转为正值。因此，这表明比特币正在稳步走强，这反过来又可能继续让山寨币承受压力。

The Altcoin Season Index, which tracks how well altcoins perform against Bitcoin, recently dropped to a monthly low of 47%. This shows that altcoins are losing momentum. While some see the current low prices as a chance to “buy the dip,” Wedson advises caution.

追踪山寨币相对于比特币表现的山寨币季节指数最近跌至 47% 的月度低点。这表明山寨币正在失去动力。尽管有些人认为当前的低价是“逢低买入”的机会，但韦德森建议谨慎行事。

Altcoins like XRP and ADA have already seen major losses, and the overall market remains weak. A strong recovery might not come soon unless market conditions change dramatically.

XRP 和 ADA 等山寨币已经出现重大损失，整体市场依然疲软。除非市场状况发生巨大变化，否则强劲复苏可能不会很快到来。

The upcoming “Santa rally” could bring hope to altcoin investors, as the market sometimes sees a year-end boost. However, this is not guaranteed. A stronger recovery might only happen in 2025 if a new bullish trend takes hold.

即将到来的“圣诞老人集会”可能会给山寨币投资者带来希望，因为市场有时会看到年底的提振。然而，这并不能得到保证。如果新的看涨趋势确立，更强劲的复苏可能要到 2025 年才会发生。