尽管预期Altcoin赛季，但比特币的市场优势越来越高于2021年初的最高水平

尽管预期有一个山寨币季节，但比特币的市场优势正在迅速增长，达到了2021年初的最高水平。

Bitcoin’s market dominance has surged to 58.8%, up from 51% in December, reaching its highest level since early 2021. Meanwhile, analysts are keeping an eye on a key technical indicator that could decide the fate of altcoins.

比特币的市场优势升至58.8％，高于12月的51％，达到自2021年初以来的最高水平。与此同时，分析师一直在关注可以决定Altcoins命运的关键技术指标。

Bitcoin’s dominance has been steadily increasing in recent months as the crypto market experiences a period of consolidation. Usually, when Bitcoin stabilizes after a rally, investors tend to shift their focus to altcoins, hoping for bigger gains. However, despite conditions such as Bitcoin stability, increased market liquidity, and growing institutional interest setting the stage for an altcoin season, the shift has not happened as quickly as many anticipated.

由于加密市场经历了一段合并时期，比特币的主导地位在最近几个月一直在稳步增长。通常，当比特币在集会后稳定下来时，投资者倾向于将注意力转移到Altcoins上，希望获得更大的收益。然而，尽管有诸如比特币稳定，市场流动性增加以及机构兴趣增加的条件，这为山寨币季节奠定了基础，但这种转变并没有像许多人预期的那样快。

Many investors have been waiting for an altcoin season, a period when altcoins typically see massive gains, usually following a Bitcoin rally. As traders take profits on Bitcoin and shift their funds to riskier assets, such as altcoins, for higher potential returns.

许多投资者一直在等待Altcoin季节，在这一时期，通常会在比特币集会之后看到巨大的收益。随着交易者在比特币上获利，并将其资金转移到较高风险的资产（例如山寨币）上，以获得更高的潜在回报。

Why Has Altcoin Season Not Yet Arrived?

为什么Altcoin季节还没有到达？

Many investors have been anticipating an altcoin season, which is a period when altcoins usually see massive gains, typically following a Bitcoin rally.

许多投资者一直在预料到一个替代赛季节，这是山寨币通常会看到巨大收益的时期，通常是在比特币集会之后进行的。

Usually, when Bitcoin stabilizes after a strong surge, traders tend to take profits and shift their funds to riskier altcoins with higher potential returns. However, even though conditions for an alt season, such as Bitcoin stability, increased market liquidity, and growing institutional interest, are present, the shift has not happened as quickly as many expected.

通常，当比特币强劲后，交易员倾向于将资金转移到具有较高潜在回报的较高风险的山寨币。但是，即使ALT季节的条件（例如比特币稳定性，市场流动性提高以及机构的增长）存在，但这种转变并没有像许多人预期的那样快。

Why Bitcoin’s Dominance Keeps Rising

为什么比特币的主导地位不断上升

Several key factors are driving Bitcoin’s growing dominance:

几个关键因素是推动比特币的统治地位：

* After a period of anticipation, Block's application for a spot Bitcoin ETF was approved last week by the U.S. Securities and Exchange Commission. This decision came after a series of setbacks for crypto ETFs in 2023.

*经过一段时间的期待，Block上周被美国证券交易委员会批准了Block对比特币ETF的申请。这项决定是在2023年对加密ETF的一系列挫折之后​​进行的。

* Earlier, when Ethereum ETFs were approved last year, many expected them to reduce Bitcoin’s dominance and pave the way for a broader altcoin rally. However, despite strong initial interest, these ETFs failed to drive the expected shift from Bitcoin as investors remained focused on the world’s leading cryptocurrency.

*早些时候，去年以太坊ETF被批准时，许多人期望他们减少比特币的统治地位，并为更广泛的山寨币集会铺平道路。但是，尽管初步兴趣强烈，但这些ETF仍未推动预期的比特币转变，因为投资者仍然专注于全球领先的加密货币。

* This lack of enthusiasm for altcoin ETFs may indicate that a broader alt season may still be coming, just later than many anticipated.

*对Altcoin ETF的这种缺乏热情可能表明，比许多人预期的要晚，可能还要一个更广泛的ALT季节。

Could a Big Altcoin Breakout Be Near?

大型山寨币突破可以靠近吗？

Well-known crypto analyst Rekt Capital has sparked fresh optimism for an upcoming altcoin rally. He pointed to a key technical signal that could decide the fate of altcoins. According to the analyst, if the total altcoin market cap closes above a certain level this week, it could trigger a major breakout.Earlier this month, the altcoin market cap briefly dropped below $200 billion after a sharp crash but later recovered. It has since climbed to around $249 billion.

著名的加密分析师Rekt Capital对即将举行的Altcoin Rally激发了新的乐观情绪。他指出了一个关键的技术信号，可以决定山寨币的命运。根据分析师的说法，如果本周的山寨币市值结束了一定水平，则可能会引发重大突破。本月的重新分解，Altcoin市值在急剧崩溃后短暂下降到2000亿美元以下，但后来恢复了。此后，它攀升至2490亿美元。

According to Rekt Capital, a weekly close above $250 billion could confirm a turning point for altcoins.

根据Rekt Capital的说法，每周收盘超过2500亿美元，可以证实Altcoins的转折点。

Key Levels to Watch

观看的关键水平

If altcoins break past the $250 billion mark, analysts expect a rally to $315 billion, signaling that the market has bottomed out. However, to reach the December 2024 high of $451 billion, much more growth will be needed.

如果Altcoins超过了2500亿美元的大关，则分析师预计将有3150亿美元的集会，这表明市场已经触底了。但是，要达到2024年12月的4510亿美元高点，将需要更多的增长。

The crypto market is at a crucial stage. If altcoins gain momentum, it could finally signal the long-awaited shift investors have been hoping for. Otherwise, Bitcoin’s dominance may continue to rise, leaving altcoins behind in a period of sluggish performance.

加密市场处于关键阶段。如果Altcoins获得动力，它最终可能表明了期待已久的轮班投资者所希望的。否则，比特币的统治地位可能会继续上升，而在表现缓慢的时期，替代币将落后。