Altseason即將到來嗎？隨著山寨幣的上升，比特幣優勢下降

加密貨幣市場表明，一個季節，即替代時期的AltCoins明顯優於比特幣（BTC）的時期，可能會出現。

Key Takeaways

關鍵要點

* Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it’s altseason.

*在替代幣和成員中，比特幣的優勢下降和實力上升可能表明這是季后賽。

* The TOTAL2 chart, which measures the total market cap of all cryptocurrencies excluding Bitcoin, has broken above a key downtrend line.

*總計2圖表衡量了所有加密貨幣（不包括比特幣）的總市值，在關鍵的下降線上已經折斷了。

* As stablecoin dominance drops, capital is rotating into Bitcoin and other cryptocurrencies.

*隨著Stablecoin優勢的下降，資本正在旋轉成比特幣和其他加密貨幣。

The cryptocurrency market shows signs that an altseason, a period where altcoins significantly outperform Bitcoin (BTC), could be on the horizon.

加密貨幣市場表明，一個季節，即替代時期的AltCoins明顯優於比特幣（BTC）的時期，可能會出現。

Technical charts and market sentiment align to suggest that May 2025 might start a broader altcoin rally, driven by key indicators and shifting capital flows.

技術圖表和市場情緒一致，以表明2025年5月可能會在關鍵指標和轉移資本流動的驅動下開始更廣泛的Altcoin集會。

Breaking structure on TOTAL2

總計的破裂結構2

The TOTAL2 chart, which represents the total market capitalization of all cryptocurrencies, excluding Bitcoin, has broken above a downtrend line in place since January 2025.

自2025年1月以來，代表所有加密貨幣（不包括比特幣）的總市值（不包括比特幣）的總市值已損壞。

This breakout is accompanied by a bullish break of structure (BOS) on the daily chart, forming higher-low patterns, setting the stage for a decisive move above the $1.25 trillion resistance level.

該突破伴隨著每日圖表上的Bullish結構（BOS）突破，形成了更高的模式，為高於1.25萬億美元的電阻水平的決定性移動奠定了基礎。

The breakout could support a decisive uptrend comprised of higher lows and higher highs, shifting capital from Bitcoin into altcoins.

突破可以支持由較高低點和更高高點組成的決定性上升趨勢，將資本從比特幣轉移到山寨幣。

Similarly, the Bitcoin Dominance (BTC.D) chart is signaling a potential market peak, having declined 4% over the past six days—the steepest drop since November 2024.

同樣，比特幣優勢（BTC.D）圖表標誌著潛在的市場峰值，過去六天下降了4％，這是自2024年11月以來的最大下降。

A falling BTC.D typically indicates capital flowing from Bitcoin to altcoins, enabling altcoins to gain market share and drive collective price surges.

下降的BTC.D通常表明資本從比特幣流向Altcoins，使Altcoins能夠獲得市場份額並推動集體價格飆升。

Michael Van Poppe, founder of MN Capital, highlighted this trend, noting a bearish divergence accompanied by declining volume on the four-hour chart. The analyst said,

MN Capital的創始人邁克爾·範·波普（Michael Van Poppe）強調了這一趨勢，指出看跌的差異伴隨著四小時圖表上的數量下降。分析師說，

"Still ranging, but seems like we're getting close to making a move. Wouldn't mind seeing some more volume come in on this timeframe, but otherwise, we're slowly moving towards lower highs and lower lows."

“仍然在範圍內，但似乎我們正在快要採取行動。不介意在這個時間範圍內看到更多的音量，但是否則，我們正在慢慢地朝著較低的高點和較低的低點邁進。”

As stablecoin dominance drops, capital rotates into Bitcoin and other cryptocurrencies.

隨著Stablecoin優勢的下降，資本旋轉成比特幣和其他加密貨幣。

The tether (USDT) dominance chart has dropped to its lowest level since early February, at 4.59% on May 13.

自2月初以來，繫繩（USDT）優勢圖已下降到最低水平，5月13日為4.59％。

As illustrated below, the USDT.D chart may find support around 3.90%, as it exhibits a descending triangle pattern. A bearish breakout could lead to new lows since 2021, matching previous altseason levels.

如下所示，USDT.D圖表可能會發現3.90％的支持，因為它表現出降落的三角形模式。自2021年以來，看跌的突破可能會導致新的低點，與先前的季后賽相匹配。

The declines in USDT dominance suggest that capital is rotating out of stablecoins and into other assets, such as Bitcoin and altcoins. Over the past seven days, Ether (ETH), XRP (XRP) and Solana (SOL) have gained 44.3%, 20.6% and 22% respectively, compared to BTC’s 10% rise.

USDT主導地位的下降表明，資本正在從Stablecoins旋轉，並進入其他資產，例如比特幣和Altcoins。在過去的七天中，與BTC的10％上升相比，Ether（ETH），XRP（XRP）和Solana（Sol）（SOL）分別上漲了44.3％，20.6％和22％。

Complementing the recovery with a deeper analysis, crypto trader ZERO IKA observed that many altcoins have formed a higher time frame break of structure above their February and March highs.

加密交易者零IKA通過更深入的分析來補充恢復，觀察到許多山寨幣在2月和3月的高點上方已經形成了更高的結構時間間隔。

The analyst noted that despite recent upside, most altcoins remain 70% to 90% below their all-time highs, indicating a “relatively early” opportunity for a recovery.

這位分析師指出，儘管最近有上漲空間，但大多數山寨幣仍低70％至90％，低於其歷史最高點，這表明恢復的機會“相對較早”。

The weakening stablecoin and Bitcoin dominance, coupled with a rise in altcoin market cap, opens the door for an altseason, as long as the above key trends remain intact.

只要上述關鍵趨勢保持不變，穩定的Stablecoin和比特幣優勢，再加上Altcoin市值的上升，為Altseaste季節打開了大門。