Altcoin季節已經開始，以太坊領導

山寨幣最近表現出強度，由以太坊的ETH $ 1 845 24H波動率領導：2.6％的市值：$ 222.72 b vol。 24H：$ 14.22 b

Altcoins have been showing strength recently, led by Ethereum’s (ETH) mega pump to $2,700 this week, while Bitcoin (BTC) dominance has been declining at the same time.

山寨幣最近一直表現出強度，以太坊（ETH）的巨型泵（ETH）Mega Pump在本週的2700美元中，而比特幣（BTC）的優勢同時也在下降。

This could be the beginning of a full-blown altcoin season, starting next month in June.

這可能是從六月下個月開始的成熟山寨幣季節的開始。

Bitcoin Dominance Drops, Signaling Altcoin Season

比特幣優勢下降，信號山幣季節

Over the past week, BTC dominance in the overall crypto market dropped from 65% to 62%, breaking a five-month upward trend.

在過去的一周中，BTC在整個加密貨幣市場中的優勢從65％下降到62％，破壞了五個月的上升趨勢。

According to a chart shared on X by crypto analyst Crypto Auris, BTC.D is testing a crucial support at 62%, and a break below which will kick off a true altcoin season.

根據加密分析師Auris在X上分享的圖表，BTC.D正在測試62％的關鍵支持，而低於下方的突破將開始一個真正的Altcoin賽季。

In contrast, the total crypto market capitalization has risen from $2.90 trillion to $3.24 trillion during the same period.

相比之下，加密貨幣市值總數已從同一時期的2.90萬億美元增加到3.24萬億美元。

This divergence indicates growing investor interest in alternative cryptocurrencies over Bitcoin.

這種分歧表明投資者對比特幣的替代加密貨幣的興趣不斷增加。

Altcoin Season in Motion

Altcoin季節運動

Joao Wedson, CEO and founder of crypto analytics platform Alphractal, has declared that the altcoin season is already in motion, with Bitcoin dominance anticipated to decline significantly in the coming months.

Crypto Analytics平台Alphractal的首席執行官兼創始人Joao Wedson宣布，Altcoin季節已經在運動，預計比特幣在未來幾個月內將大幅下降。

Wedson’s proprietary Altcoin Season Index, which tracks 57 carefully selected altcoins, reveals that 37 of these have outperformed Bitcoin over the past 60 days, signaling a notable shift in market momentum toward alternative cryptocurrencies.

韋德森（Wedson）的專有Altcoin季節指數跟踪了57個精心選擇的Altcoins，該指數表明，其中37個在過去60天內表現出色的比特幣表現優於比特幣，這表明，市場動量向替代加密貨幣的轉變顯著轉移。

The analyst added that even if BTC drops in the coming weeks, most altcoins have already bottomed out, and it’s unlikely they’ll fall below recent price levels. Part of Bitcoin’s $2 trillion market cap is likely to flow into altcoins.

分析師補充說，即使BTC在接下來的幾週內下降，大多數Altcoins都已經觸底了，而且它們不太可能降至最近的價格水平。比特幣2萬億美元市值的一部分可能會流入山寨幣。

On-Chain Metrics Show BTC-Driven Cycle Persists

鏈上指標顯示BTC驅動的周期持續存在

While Bitcoin dominance started heading south from the peak of 65% in May, Ethereum, on the other hand, saw its dominance jump to 9.75%, up by 3%. The overall dominance of altcoins surged to 22.35%, marking a 2% increase.

儘管比特幣的優勢從5月的65％的峰值開始向南行駛，但另一方面，以太坊的優勢躍升至9.75％，增長了3％。 AltCoins的總體優勢飆升至22.35％，標誌著2％。

Blockchain analytics platform Glassnode reported that despite these gains, Ethereum and altcoins remain below their historical peaks of 18% and 28.5%, respectively, indicating that the current market trend remains predominantly Bitcoin-driven.

區塊鏈分析平台玻璃節報告稱，儘管有這些收益，以太坊和山寨幣的歷史峰值分別低於18％和28.5％，這表明當前的市場趨勢主要是比特幣驅動的。

At the time of writing, the Bitcoin price is trading around $102,600 and consolidating, while altcoins are gaining stronger momentum. It will be interesting to see whether the momentum swings in favor of Bitcoin or altcoins moving forward.

在撰寫本文時，比特幣價格的交易價格約為102,600美元，並且鞏固了，而Altcoins則獲得了更強的動力。有趣的是，動量波動是否支持比特幣或山寨幣前進。