隨著動量在加密貨幣市場的轉變，Altcoin季節可能會出現

比特幣的優勢從65％以上急劇下降到63.89％，就像BTC自2月3日以來首次損失了100,000美元。

Altcoin season could be on the horizon as momentum shifts across the crypto market. Bitcoin dominance fell sharply from over 65% to 63.89% just as BTC broke past $100,000 for the first time since February 3.

隨著動量在加密貨幣市場的轉變，Altcoin季節可能會出現。自2月3日以來，BTC首次損失了100,000美元，比特幣優勢從65％以上急劇下降到63.89％。

This triggered a broad altcoin rally, with Ethereum (ETH) up nearly 13% and major names like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) each gaining over 6%.

這引發了廣泛的Altcoin集會，以太坊（ETH）上漲了近13％，諸如Solana（Sol），Dogecoin（Doge）和Cardano（Ada）等主要名稱都獲得了6％以上。

Combined with a bounce in the ETH/BTC ratio from its lowest levels since 2020, the setup suggests a possible rotation into altcoins for the first time in months.

結合自2020年以來的最低水平的ETH/BTC比率彈跳，該設置表明可能是幾個月來首次旋轉到AltCoins。

Altcoin Season Incoming? Bitcoin Dominance Dips as ETH and Majors Surge

Altcoin季節即將到來？隨著ETH和專業的激增，比特幣優勢下降

Bitcoin's dominance dropped sharply from above 65% to 63.89% in just a few hours. This shift began as BTC breached the $100,000 mark for the first time since February 3.

在短短幾個小時內，比特幣的優勢從65％以上急劇下降到63.89％。自2月3日以來，BTC違反了100,000美元的成績，開始了這一轉變。

The move sparked a strong altcoin rally, with Ethereum surging nearly 13% in the last 24 hours, and Solana, Dogecoin, and Cardano each rallying more than 6%.

此舉引發了強大的山寨幣集會，在過去的24小時內以太坊飆升了近13％，而Solana，Dogecoin和Cardano則均漲幅超過6％。

Until yesterday, Bitcoin's dominance was at its highest level since January 2021, highlighting how aggressively BTC outpaced the broader market in recent months.

直到昨天，比特幣的統治地位一直處於自2021年1月以來的最高水平，強調了BTC在近幾個月來積極地超過了更廣泛的市場。

A sudden reversal like this often signals a capital rotation, with traders shifting profits from BTC into altcoins. Recently, CryptoQuant CEO Ki Young Ju called Bitcoin Cycle Theory obsolete as TradFi takes over.

這樣的突然逆轉通常標誌著資本輪換，交易員將BTC的利潤轉移到了Altcoins。最近，隨著Tradfi接管，CryptoQuant首席執行官Ki Young Ju稱為比特幣週期理論。

Adding to this narrative, the ETH/BTC ratio recently hit its lowest level since 2020—highlighting extended Ethereum underperformance versus Bitcoin.

除了這種敘述外，ETH/BTC的比率最近達到了自2020年以來的最低水平，高顯示了以太坊的表現不佳與比特幣。

A bounce from such historical lows could indicate the start of a structural shift favoring altcoins. If BTC dominance continues to fall while ETH/BTC rises, it would be a strong signal that the market is transitioning into an altcoin season.

這種歷史低點的反彈可能表明有利於山寨幣的結構轉變的開始。如果BTC的優勢在ETH/BTC上升時繼續下降，那將有很大的信號表明市場正在過渡到Altcoin季節。

With altcoin volumes increasing and capital shifting into broader sectors, May 2025 could usher in a major altcoin season.

隨著Altcoin量的增加，資本轉移到更廣泛的部門，2025年5月可以迎來一個主要的Altcoin季節。

May 2025: A Turning Point Toward Altcoin Season?

2025年5月：向山寨幣季節的轉折點？

The CoinMarketCap Altcoin Season Index has surged from 23 to 36 in the last four days. This index tracks whether Bitcoin or altcoins outperform over a specific period.

在過去的四天中，CoinMarketCap Altcoin季節指數從23升至36。該索引跟踪比特幣和山寨幣在特定時期內是否勝過。

Readings below 25 indicate “Bitcoin Season,” where BTC outpaces most altcoins. Scores between 25 and 75 are considered neutral, and values above 75 officially signal “Altcoin Season.”

下面的讀數25表示“比特幣季節”，BTC超過大多數山寨幣。 25至75之間的分數被認為是中性的，高於75的值正式表示“山寨賽季節”。

The current surge into neutral territory follows a到達 at a yearly low of 12 in late April—its weakest point since December, when it peaked at 87.

當前進入中性領土的激增在4月下旬的年度低點為12點，這是自12月以來的最弱點，當時它達到了87個。

The CMC Altcoin Season Index measures whether at least 75% of the top 100 coins (excluding stablecoins and asset-backed tokens like WBTC and stETH) have outperformed Bitcoin over the last 90 days.

CMC AltCoin季節指數衡量了前100個硬幣中至少有75％（不包括穩定幣和資產支持的代幣（如WBTC和Steth）在過去的90天中表現優於比特幣。

So far in 2025, Bitcoin is up 10% year-to-date—performing better than most major altcoins except XRP, which has gained over 12%. Meanwhile, Ethereum remains at a 30% YTD loss, and coins like LINK, DOGE, AVAX, and SHIB have each dropped over 20%.

到目前為止，在2025年，比特幣年僅上漲了10％，比大多數主要的山寨幣（XRP）的表現要好得多，XRP增長了12％。同時，以太坊仍處於30％的YTD損失，Link，Doge，Avax和Shib之類的硬幣分別下降了20％以上。

Despite this weak YTD performance, the sharp drop in BTC dominance, strong altcoin rallies in early May, and the rising Altcoin Index all suggest that May 2025 could begin a new altcoin season.

儘管YTD的表現較弱，BTC優勢的急劇下降，五月初強大的Altcoin集會，而Altcoin指數上升均表明2025年5月可以開始新的Altcoin賽季。