比特幣（BTC）接近其歷史最高的高級幣也正在上升

由於比特幣接近有史以來的最高價格，因此加密貨幣市場今天已經有了很強的開端，而且Altcoins也在上升。

The crypto market is starting the year on a strong note, with Bitcoin nearing its all-time high and altcoins also making gains. The rally comes as the GENIUS stablecoin bill passed a key vote in the Senate, boosting market confidence.

加密市場正在開始一年，比特幣接近其歷史最高水平，而Altcoins也取得了收益。這次集會是隨著天才斯塔布萊肯（Stablecoin）法案通過參議院的重要投票，增強了市場信心。

If BTC manages to break above its $109K all-time high, it could pave the way for even higher prices and potentially trigger a full-blown altcoin season.

如果BTC設法超過其歷史最高高價的$ 109K，它可能會為更高的價格鋪平道路，並可能觸發成熟的Altcoin季節。

Crypto market just broke out after 3 years and retested key levels. Analysts believe that altcoins will rally more than BTC due to the upcoming rate cuts, staking ETFs, and new regulations that will boost risk assets.

加密市場3年後剛剛爆發並重新測試了關鍵水平。分析人士認為，由於即將降低利率，Staking ETF和新法規，AltCoins將超過BTC，這些法規將促進風險資產。

Bitcoin vs Altcoins

比特幣與altcoins

The battle between Bitcoin and altcoins is heating up and it all comes down to one crucial level on the Bitcoin Dominance chart. Bitcoin Dominance is currently at 64%, a crossroads that could either send altcoins crashing or launch them into a new rally. What happens next could shape the short to mid-term outlook for altcoins.

比特幣和Altcoins之間的戰鬥正在加熱，這一切都歸結為比特幣優勢圖中的一個關鍵水平。比特幣的優勢目前為64％，這是一個可以使山寨幣崩潰或將其發射到新的集會中的十字路口。接下來發生的事情可能會影響AltCoins的短期至中期前景。

If Bitcoin moves higher from here, breaking above the 64% dominance, then it could attract even more attention and capital. This could mean that altcoins might stay weak or even drop further. But if Bitcoin gets pushed down below 64%, then altcoins could bounce, sparking an altcoin rally in the market.

如果比特幣從這裡移動更高，超過了64％的優勢，那麼它可能會吸引更多的關注和資本。這可能意味著AltCoins可能會保持虛弱甚至進一步下降。但是，如果比特幣被推低64％，那麼Altcoins可能會反彈，從而在市場上引發Altcoin Rally。

If Bitcoin’s price keeps climbing, then BTC dominance could stay high and altcoins will lag behind. And if Bitcoin pulls back or stays steady, altcoins will get a chance to shine on.

如果比特幣的價格不斷攀升，那麼BTC的優勢就可以保持很高，而Altcoins將落後。而且，如果比特幣向後拉或保持穩定，AltCoins將有機會發光。

Altcoin Season To Start After BTC Hits Key Level

BTC達到密鑰水平之後開始的Altcoin季節

Arthur Hayes predicts that altcoin season will not start until Bitcoin breaks above $110,000. Once that level is cleared, Bitcoin could rally toward $150K–$200K by summer, with profits likely flowing into altcoins soon after. He expects the 2025 alt season to be smaller than 2021’s noting that many older tokens with high FDVs and low demand may not bounce back.

亞瑟·海耶斯（Arthur Hayes）預測，直到比特幣中斷超過110,000美元，Altcoin季節才能開始。一旦清除了該水平，比特幣可能會漲到15萬美元 - 到夏季的$ 20萬美元，不久之後，利潤可能會流入Altcoins。他預計，2025 ALT季節將小於2021年的指出，許多FDV且需求低的年齡較大的令牌可能不會反彈。

Is It Too Early For Altcoin Season?

替補賽季還為時過早嗎？

Ethereum has outpaced Bitcoin, pushing the ETH/BTC pair up 34% in a week, its first major breakout since Dec 2024. This has fueled altcoin season talks. However, key indicators say it’s not here yet.

以太坊的比特幣超過了比特幣，一周內將ETH/BTC對提高了34％，這是自2024年12月以來的第一個重大突破。這加劇了Altcoin賽季的談判。但是，主要指標說它還不在這裡。

Altseason isn't cancelled. It's delayed! pic.twitter.com/iyykrJD68J

Altseason並未取消。延遲了！ pic.twitter.com/iyykrjd68j

In 2022, Ethereum jumped 121% in just over a month, that sparked a major altcoin season. Back then, 75% of the top 50 coins outperformed Bitcoin, and the altcoin season index hit 96. However, currently the Altcoin Season Index is just at 25, and only 18% of top 50 coins are outperfroming BTC.

在2022年，以太坊在一個多個月的時間內躍升了121％，這引發了一個主要的Altcoin賽季。當時，前50個硬幣中有75％的比特幣優於比特幣，而Altcoin季節指數達到96。但是，目前，AltCoin季節指數僅為25，而前50個硬幣中只有18％的股份超過了BTC。

A full altcoin season may still be a few weeks away, but its not confirmed yet. Bitcoin Dominance has dropped to 63% as of writing.

完整的Altcoin賽季可能還要幾個星期，但尚未確認。撰寫本文時，比特幣優勢下降到63％。

Will Markets Stablilise?

市場會穩定嗎？

Some analysts claim that the drop in Bitcoin dominance does not guarantee an altcoin season. Investors might shift to Bitcoin if volatility kicks in again due to the ongoing macro uncertainties. Instead, with both bitcoin and altcoins having strong reasons to stay, the market could stabilize rather than shift dramatically.

一些分析人士聲稱，比特幣優勢下降並不能保證山寨幣季節。如果由於持續的宏觀不確定性再次開始，投資者可能會轉向比特幣。取而代之的是，由於比特幣和山寨幣都有強大的住宿理由，因此市場可以穩定而不是急劇轉移。