比特幣，山寨幣和機構流入：加密貨幣的紐約分鐘

比特幣的實力隨機構需求而增長，而altcoins逐漸減弱。將ETF和技術指標支持BTC，與以太坊的鬥爭形成鮮明對比。

Alright, crypto enthusiasts, let's cut to the chase. Bitcoin's been flexing its muscles, leaving altcoins in the dust, all thanks to those big institutional players and some savvy market moves. Here's the lowdown.

好吧，加密愛好者，讓我們追逐。比特幣一直在彎曲肌肉，將山寨幣留在灰塵中，這要歸功於那些大型機構參與者和一些精明的市場動作。這是低點。

Bitcoin's Dominance: Institutions are Buying In

比特幣的主導地位：機構正在購買

Bitcoin is trading near its all-time high, hovering around $105,000, while Ethereum is struggling to catch up. Spot Bitcoin ETFs in the U.S. have seen over a billion dollars in net inflows recently. This surge indicates a growing institutional appetite for Bitcoin over altcoins. Even the Bitcoin Macro Oscillator (BMO) suggests there's still room for Bitcoin to grow before it hits a ceiling. Public companies are increasingly holding Bitcoin, with a 135% increase this year, underscoring its growing influence as a store of value.

比特幣的交易量接近其歷史最高水平，徘徊在105,000美元左右，而以太坊正努力追趕。最近，美國的現貨比特幣ETF最近看到了超過十億美元的淨流入。這次激增表明，對山寨幣對比特幣的機構需求不斷增長。甚至比特幣宏振盪器（BMO）也暗示，在撞到天花板之前，還有比特幣要生長的空間。上市公司越來越多地持有比特幣，今年增長了135％，強調了其作為價值存儲的日益增長的影響力。

Altcoins Losing Steam: A Shift in Investor Sentiment

Altcoins失去Steam：投資者情緒的轉變

Altcoins, on the other hand, aren't looking so hot. Data shows a sharp decline in altcoin volume activity since February 2025. The one-year cumulative buy/sell quote volume difference for altcoins has plummeted, signaling that buyers are backing off. Unless we see a resurgence in volume accumulation, expecting a full-blown altseason might be wishful thinking. Even Ethereum, a leading altcoin, hasn't attracted the same buying interest as Bitcoin.

另一方面，AltCoins看起來並不那麼熱。數據顯示，自2025年2月以來，AltCoin量活動的急劇下降。替代幣的一年累積買入報價量差異暴跌，表明買家正在退縮。除非我們看到數量積累的複興，否則期望全面的季節可能是一廂情願的想法。即使是領先的Altcoin，甚至以太坊也沒有吸引與比特幣相同的購買興趣。

The Fidelity Angle: Long-Term HODLing is Real

富達角度：長期霍德林是真實的

Fidelity Digital Assets highlights that more Bitcoin is reaching the 10-year holding mark than new coins being mined daily. This "ancient supply" is growing, indicating long-term confidence in Bitcoin. While some investors are taking profits, the trend shows a strong inclination to hold onto Bitcoin for the long haul. Fidelity predicts that ancient supply could make up 20% of all BTC by 2028.

富達數字資產強調，比每天開采的新硬幣更多的比特幣達到了10年的持有標記。這種“古老的供應”正在增長，表明對比特幣的長期信心。儘管一些投資者正在獲利，但這種趨勢表明長期以來一直堅持比特幣。富達預測，到2028年，古代供應可能佔所有BTC的20％。

Is there Altcoin opportunity?

有Altcoin機會嗎？

While Bitcoin hogs the spotlight, some altcoins are quietly making moves. Newton (AB), SPX6900, WhiteBIT Token (WBT), Hyperliquid (HYPE), and WhiteRock (WHITE) have shown significant gains recently, proving that opportunities exist beyond the big names. These coins offer a reminder to look beyond the obvious and explore the broader crypto landscape.

當比特幣成為焦點時，一些山寨幣正在悄悄地進行動作。牛頓（AB），SPX6900，Whitebit代幣（WBT），Hyproliquid（Hype）和Whiterock（White）最近顯示出巨大的收益，證明了機會超出了大人物。這些硬幣提醒您超越了明顯的，並探索更廣泛的加密景觀。

A Personal Take: Bitcoin's Safe Haven Appeal

個人看法：比特幣的避風港吸引力

Here's my two cents: Bitcoin's appeal as a safe haven is growing stronger. The institutional inflows and the increasing "ancient supply" suggest that Bitcoin is maturing into a long-term store of value. Sure, altcoins can offer exciting short-term gains, but Bitcoin's stability and institutional backing make it a more reliable bet in the long run. Plus, with the rise of tokens like $BTCBULL, even the average Joe can get a piece of the Bitcoin action without breaking the bank.

這是我的兩分錢：比特幣作為避風港的吸引力越來越強。制度流入和越來越多的“古代供應”表明比特幣正在成熟到長期的價值存儲中。當然，AltCoins可以提供令人興奮的短期收益，但是比特幣的穩定性和機構支持使其從長遠來看更為可靠。另外，隨著$ btcbull等令牌的興起，即使是普通的喬也可以在不破壞銀行的情況下獲得比特幣動作的一部分。

The Bottom Line

底線

So, what's the takeaway? Bitcoin is the king of the crypto castle right now, fueled by institutional interest and long-term holding. Altcoins are facing headwinds, but hidden gems still exist. Keep your eyes peeled, do your homework, and remember, even in the wild world of crypto, a little bit of New York street smarts can go a long way.

那麼，收穫是什麼？比特幣是目前的加密城堡之王，在機構利益和長期持有的推動下。 AltCoins面臨逆風，但隱藏的寶石仍然存在。保持眼睛剝皮，做作業，並記住，即使在加密人物的野生世界中，紐約街頭的聰明人也會走很長一段路。