比特币主导市场，阻碍了预期的山寨币季节

自9月中旬以来，比特币的价格一直呈稳定上涨趋势，从53,000美元上涨至67,000美元。这种令人印象深刻的增长已经停滞

Bitcoin’s price has been on a steady upward trend since mid-September, rising from $53,000 to $67,000. This impressive growth has stalled the anticipated altcoin season, drawing investor attention and capital toward Bitcoin instead of smaller assets.

自9月中旬以来，比特币的价格一直呈稳定上涨趋势，从53,000美元上涨至67,000美元。这种令人印象深刻的增长使预期的山寨币季节陷入停滞，吸引了投资者的注意力和资本转向比特币，而不是较小的资产。

As Bitcoin inches closer to forming a new all-time high (ATH), altcoins may remain sidelined for a while longer.

随着比特币接近形成新的历史高点（ATH），山寨币可能会在一段时间内保持观望状态。

Bitcoin Is Dominating the Market

比特币正在主导市场

Bitcoin’s dominance over the crypto market continues to grow, surpassing 59% in October, an increase of 3.45% throughout the month. This rise is primarily due to Bitcoin’s price appreciation, making it an attractive investment option, especially for institutional players.

比特币在加密货币市场的主导地位持续增长，10 月份超过 59%，全月增长 3.45%。这种上涨主要是由于比特币的价格上涨，使其成为一种有吸引力的投资选择，特别是对于机构参与者而言。

In a weekend brief, QCP highlighted positive ETF inflows over the last three weeks, which are signaling high institutional demand.

在周末简报中，QCP 强调了过去三周 ETF 的积极流入，这表明机构需求很高。

“Bitcoin dominance continues to rise, reaching highs of 59.75% for the week… We believe that the uptrend in bitcoin dominance is likely to persist in the near term as bitcoin approaches its ATH levels,” QCP noted.

“比特币的主导地位继续上升，本周达到 59.75% 的高点……我们认为，随着比特币接近其 ATH 水平，比特币主导地位的上升趋势可能会在短期内持续下去，”QCP 指出。

If Bitcoin reaches its all-time high of $73,078, its market dominance could surge to 60%, potentially delaying the altcoin season.

如果比特币达到 73,078 美元的历史新高，其市场主导地位可能会飙升至 60%，从而可能会推迟山寨币季节。

This rise in Bitcoin’s price and dominance indicates a change in market sentiment, with investors leaning towards BTC’s relative stability. If Bitcoin maintains this upward momentum, altcoins may stay in the background, waiting for a shift in capital flows.

比特币价格和主导地位的上涨表明市场情绪发生变化，投资者倾向于比特币的相对稳定性。如果比特币保持这种上涨势头，山寨币可能会留在幕后，等待资本流动的转变。

Currently, an altcoin season appears distant due to limited growth across altcoin assets. For an altcoin season to be confirmed, at least 38 altcoins need to outperform Bitcoin over a 90-day period; however, only seven have done so recently.

目前，由于山寨币资产增长有限，山寨币季节似乎还很遥远。要确定山寨币季节，至少有 38 种山寨币需要在 90 天内跑赢比特币；然而，最近只有七家这样做了。

This minimal growth suggests that altcoins lack the momentum needed for a breakout, as Bitcoin’s upward trend continues to attract the majority of market activity. Without a significant shift in momentum, altcoins may continue struggling to gain investor interest.

这种最小的增长表明山寨币缺乏突破所需的动力，因为比特币的上涨趋势继续吸引了大部分市场活动。如果势头没有发生重大转变，山寨币可能会继续难以赢得投资者的兴趣。

BTC Price Prediction: Focusing on the ATH

BTC价格预测：关注ATH

Bitcoin’s price now sits at $67,439, inching closer to the critical $70,000 mark. Just 8% away from its ATH of $73,078, BTC has the potential to break new records if current market trends hold.

比特币的价格目前为 67,439 美元，正在接近关键的 70,000 美元大关。如果当前的市场趋势保持下去，BTC 距离 73,078 美元的最高峰值仅 8%，有可能打破新纪录。

Spot Bitcoin ETFs have seen inflows of nearly $998 million in the past week. If this level of investment sustains in November, Bitcoin could push through $70,000, likely achieving a new ATH and delaying the altcoin season further.

过去一周，现货比特币 ETF 资金流入近 9.98 亿美元。如果 11 月份这种投资水平持续下去，比特币可能会突破 70,000 美元，可能会达到新的 ATH，并进一步推迟山寨币季节。

However, if Bitcoin investors start taking profits around $70,000, the price could dip, potentially pulling BTC down to $65,000. This correction would dampen bullish hopes for an ATH and might open a brief window for altcoin gains.

然而，如果比特币投资者开始在 70,000 美元左右获利了结，价格可能会下跌，可能会将 BTC 拉低至 65,000 美元。这一调整将削弱对 ATH 的看涨希望，并可能为山寨币的上涨打开一个短暂的窗口。