分析师认为，加密货币市场为特朗普就职后山寨币反弹做好了准备

分析师认为，在唐纳德·特朗普周一就职后，加密货币市场可能会为山寨币的大规模上涨做好准备。

Crypto market may be setting up for altcoin rally post Trump inauguration: Coinbase analysts

Coinbase 分析师称特朗普就职后加密货币市场可能会迎来山寨币反弹

The crypto market could be setting up for a massive altcoin rally after Donald Trump’s inauguration on Monday, according to analysts at Coinbase.

Coinbase 分析师表示，唐纳德·特朗普周一就职后，加密货币市场可能会迎来山寨币的大规模上涨。

In a recent analysis, Coinbase analysts noted that the slight drop in Bitcoin’s [BTC] dominance earlier this week drove the latest altcoin pump.

Coinbase 分析师在最近的分析中指出，本周早些时候比特币的主导地位略有下降，推动了最新的山寨币上涨。

“Meanwhile, the drop in BTC dominance from 58.5% to its support level of 57.3% during the inflation print relief rally on January 15 suggests to us that traders may be positioning for an outsized altcoin market rally on the back of positive catalysts for risk assets and crypto,” the analysts wrote in part of their weekly market commentary.

与此同时，在 1 月 15 日通胀缓解反弹期间，比特币的主导地位从 58.5% 下降至 57.3% 的支撑位，这向我们表明，在风险资产的积极催化剂的支持下，交易者可能正在为山寨币市场的大幅反弹做好准备和加密货币，”分析师在每周市场评论中写道。

Chris Burniske, a partner at crypto VC firm Placeholder and former ARK Invest crypto lead, also highlighted BTC dominance in his analysis, echoing a similar sentiment.

加密货币风险投资公司 Placeholder 的合伙人、前 ARK Invest 加密货币负责人 Chris Burniske 在他的分析中也强调了 BTC 的主导地位，呼应了类似的观点。

“Importantly for the long tail, $BTC dominance has been slowly fading since late November ’24 – fireworks if that continues,” he said.

他表示：“对于长尾来说，重要的是，自 24 年 11 月下旬以来，美元 BTC 的主导地位一直在慢慢消退——如果这种情况持续下去，那就太好了。”

According to Coinbase analysts David Duong and David Han, stablecoin inflows are another bullish signal for a likely altcoin pump.

Coinbase 分析师 David Duong 和 David Han 表示，稳定币流入是山寨币可能出现上涨的另一个看涨信号。

They noted strong capital inflows in the space and a huge portion of it went to altcoins as BTC and ETH recorded outflows.

他们注意到该领域的资本流入强劲，其中很大一部分流向了山寨币，而 BTC 和 ETH 则出现流出。

“Stablecoin supply – perhaps the most clear proxy for capital flows to these long tail assets in our view – increased by $1.3B last week, a continuation of trends we’ve observed over the past two months. This stands in contrast to net outflows from US spot BTC and ETH ETFs of $457M and $206M respectively,” the analysts noted in the report.

“在我们看来，稳定币供应可能是这些长尾资产资本流动的最明显指标，上周增加了 $1.3B，这是我们过去两个月观察到的趋势的延续。这与美国现货 BTC 和 ETH ETF 的净流出分别为 4.57 亿美元和 2.06 亿美元形成鲜明对比，”分析师在报告中指出。

However, another indicator, ETH/BTC, doesn’t seem to be aligning with the rest, at least at the time of writing this report.

然而，另一个指标 ETH/BTC 似乎与其他指标并不一致，至少在撰写本报告时是这样。

This ratio tracks ETH’s relative performance against BTC, with the same rallying during November’s strong altcoin season.

该比率追踪了 ETH 相对于 BTC 的相对表现，在 11 月强劲的山寨币季节期间也出现了同样的反弹。

At press time, this ratio is down to a new record low of 0.31. As part of the altcoin sector’s barometer, this doesn’t bode well for the anticipated altcoin rally, especially if the November trend is repeated.

截至发稿时，该比率已降至 0.31 的新纪录低点。作为山寨币行业晴雨表的一部分，这对于预期的山寨币反弹来说并不是一个好兆头，特别是如果 11 月份的趋势重复的话。

That being said, altcoins like Fartcoin and XRP were the weekly winners, with nearly 100% and 30% gains, respectively. Solana [SOL] also logged 30% gains, while Hedera posted 22% gains.

话虽如此，Fartcoin 和 XRP 等山寨币是每周的赢家，分别上涨了近 100% 和 30%。 Solana [SOL] 也上涨了 30%，而 Hedera 则上涨了 22%。

It’s also worth noting that Hedera and XRP were among the top performers in November’s altcoin run too. It remains to be seen whether they can sustain the momentum this time.

还值得注意的是，Hedera 和 XRP 也在 11 月份的山寨币走势中名列前茅。这次他们能否保持势头还有待观察。