尽管希望有一个Altcoin赛季

尽管希望有一个Altcoin季节，但比特币的主导地位仍在不断增长，这违背了通常的趋势，而随着市场的成熟，资本转移到Altcoins。该图显示了比特币与所有加密货币相比的市场份额。

Bitcoin’s dominance is rising again, now standing at 58.8%. This figure, which represents Bitcoin’s market share compared to all cryptocurrencies, has been steadily increasing from 51% in December, reaching its highest point since early 2021.

比特币的统治地位再次上升，目前为58.8％。与所有加密货币相比，这一数字代表比特币的市场份额，从12月的51％稳步上升，达到了自2021年初以来的最高点。

Many crypto investors have been eagerly anticipating an “alt season,” a period where altcoins outperform Bitcoin, generating substantial returns for those who invest in them. Typically, this occurs after Bitcoin experiences a significant rally, as traders cash out some of their gains and channel them into riskier and potentially higher-reward investments in altcoins.

许多加密投资者一直热切期待一个“ ALT季节”，在这个时期，AltCoins优于比特币，为投资于其中的人带来了可观的回报。通常，这是在比特币经历重大集会之后发生的，因为交易者兑现了一些收益，并将其引导到风险更大，可能是对山寨币的更高奖励投资。

However, despite optimal conditions such as Bitcoin stability, increased market liquidity, and burgeoning institutional interest, which usually pave the way for altcoins to take center stage, this shift hasn’t happened as quickly as expected.

然而，尽管诸如比特币稳定，市场流动性增加以及迅速发展的机构利益等最佳条件，这通常为Altcoins占据中心位置铺平了道路，但这种转变并没有像预期的那样快。

Why Is Bitcoin Dominance Growing?

为什么比特币优势增长？

Bitcoin’s dominance continues to grow due to several key factors. Corporate accumulation strategies, particularly from Strategy keep buying Bitcoin, which creates consistent buying pressure.

由于几个关键因素，比特币的主导地位不断增长。企业积累策略，特别是策略继续购买比特币，这会造成一致的购买压力。

Besides, there are also more new tokens than ever, which can spread out investment instead of focusing on established altcoins. Finally, spot Bitcoin ETFs make it easier for traditional investors to buy Bitcoin, while most altcoins don’t have the same level of access.

此外，还有比以往任何时候都多的新令牌，这些代币可以分散投资，而不是专注于既定的山寨币。最后，现货比特币ETF使传统投资者更容易购买比特币，而大多数山寨币则没有相同的访问水平。

The approval of Ethereum ETFs last summer was expected to reduce Bitcoin’s dominance, but the impact has been minimal. While ETH ETFs initially saw strong interest from investors, they didn’t manage to boost the altcoin market as anticipated.

去年夏天，以太坊ETF的批准预计将降低比特币的统治地位，但影响很小。尽管ETH ETF最初引起了投资者的浓厚兴趣，但他们并没有像预期的那样促进Altcoin市场。

The potential for alt season might still exist, merely delayed, and future events could serve as catalysts for a shift in favor of altcoins.

ALT季节的潜力可能仍然存在，只是延迟了，未来的事件可能会成为有利于Altcoins的转变的催化剂。

Analyst Sparks Optimism for Altcoins

分析师对Altcoins的乐观情绪

Rekt Capital, a well-known analyst on X, formerly Twitter, sparked optimism for an upcoming altcoin season with a key technical signal. He shared a chart of the altcoin market cap, highlighting that if it manages to close above a certain level this week, it could set the stage for the next leg up.

Rekt Capital是X上的著名分析师，以前是Twitter，对即将到来的Altcoin赛季具有关键的技术信号激发了乐观。他分享了Altcoin市值的图表，强调说，如果本周设法超过一定水平，它可能会为下一条腿奠定基础。

After a steep decline in early March, which saw several weeks of gains wiped out, the altcoin market cap briefly dipped below the $200 billion mark. However, it ultimately closed the week above that level and has since been on a recovery path.

在3月初的急剧下降（耗资数周）下降后，Altcoin市值短暂下跌了2000亿美元。但是，它最终关闭了高于该水平的一周，此后一直处于恢复道路上。

At the time of writing, the total market cap of cryptocurrencies excluding Bitcoin is approaching the $250 billion mark.

在撰写本文时，不包括比特币的加密货币的总市值接近2500亿美元。

According to Rekt Capital, breaking above the $250 billion mark on a weekly timeframe could be crucial for setting the stage for a potential rally in altcoins.

根据Rekt Capital的说法，每周的时间范围超过2500亿美元的大关，对于为替补币的潜在集会奠定阶段至关重要。

If altcoins can break above the $250 billion mark, it could set the stage for a rally to $315 billion, which would be an indication that the bottom has been reached in this bear market cycle.

如果Altcoins可以超过2500亿美元的大关，则可以将舞台升至3150亿美元，这表明在这个熊市周期中已经达到了最低价。

To reach the December 2024 high of $451 billion, even more, growth would be needed. At present, it seems like a long shot, but in the rapidly changing world of crypto, anything is possible.

为了达到2024年12月的高点4510亿美元，将需要增长。目前，这似乎是一个漫长的镜头，但是在迅速变化的加密世界中，一切皆有可能。