比特幣（BTC）的優勢下降到62.6％，在以太坊和山雀的上升中略有下降。

比特幣（BTC）仍然是最主要的加密貨幣，目前佔加密貨幣市場的62.6％。

Bitcoin (BTC) dominance has dropped slightly to 62.6%, signaling a relative decline but not a collapse, according to Zach Pandl, an economist at Grayscale.

格雷斯（Grayscale）的經濟學家扎克·潘德（Zach Pandl）表示，比特幣（BTC）的優勢略有下降至62.6％，表明相對下降，但沒有崩潰。

Despite an uncertain macroeconomic context that continues to influence investor behavior, Bitcoin dominance is expected to stabilize at this level, forming a plateau rather than collapsing, Pandl noted. This stability reflects the enduring role of BTC as a safe haven and the increasing interest in altcoins, which are benefiting from technological innovation.

Pandl指出，儘管不確定的宏觀經濟環境繼續影響投資者的行為，但比特幣優勢預計在此級別穩定下來，形成平穩而不是崩潰。這種穩定性反映了BTC作為避風港的持久作用以及對山寨幣的興趣越來越多，而技術創新受益。

During periods of instability, such as inflation or geopolitical tensions, Bitcoin tends to absorb more capital flows, thus strengthening its market dominance. Conversely, a calmer environment, with prospects of interest rate cuts and easing trade conflicts, stimulates appetite for riskier assets, such as altcoins.

在不穩定時期，例如通貨膨脹或地緣政治緊張局勢，比特幣傾向於吸收更多的資本流動，從而增強其市場優勢。相反，具有降低利率和緩解貿易衝突的前景的平靜環境刺激對風險較高的資產（例如Altcoins）的需求。

“The bifurcated market hypothesis suggests that periods of high uncertainty (e.g., inflation, geopolitical instability) favor Bitcoin, leading to higher BTC dominance. Conversely, periods of low uncertainty favor "risk-on" assets, such as altcoins, which are used to price the potential for technological innovation and market share gains. When market attention pivots towards technological innovation, we observe a decrease in Bitcoin dominance and a relative increase in the prices of altcoins,” explained Pandl.

“分叉的市場假設”表明，高不確定性（例如通貨膨脹，地緣政治不穩定）有利於比特幣，導致BTC的優勢較高。相反，低不確定性的“風險風險”資產的時期，例如替代品，例如，諸如山寨幣（例如，這些資產都可以用來為技術創新和市場的潛在啟用poivivation Innoligation Innoligation andional Innoligation andional Innoligation。 AltCoins價格的相對上漲。” Pandl解釋說。

This analysis highlights a key dynamic in the cryptocurrency market, where Bitcoin is valued for its role as a safe haven and store of value, while altcoins are favored for their technological potential and role in driving innovation.

該分析強調了加密貨幣市場中的一個關鍵動態，在該市場中，比特幣因其作為避風港和價值存儲的作用而受到重視，而AltCoins則因其技術潛力和推動創新的作用而受到青睞。

The rise of institutional financial products, such as Bitcoin ETFs, has strengthened BTC's attractiveness among institutional investors, offering them regulated and secure access to Bitcoin, channeling significant financial flows into this cryptocurrency.

機構金融產品（例如比特幣ETF）的興起已經增強了BTC在機構投資者中的吸引力，為他們提供了監管並確保對比特幣的機會，並將大量的財務流動引入了這種加密貨幣。

These products have also facilitated the participation of a broader range of investors, thereby increasing demand for BTC and supporting price appreciation. This dynamic helps balance the pressure exerted by the rise of altcoins on Bitcoin's market share.

這些產品還促進了更廣泛的投資者的參與，從而增加了對BTC的需求和支持價格升值。這種動態有助於平衡替代幣在比特幣市場份額上施加的壓力。

Bitcoin is thus operating in a market that is constantly balancing the quest for security with the search for innovation, as Pandl's remarks perfectly illustrate this duality, which will continue to structure capital allocation in cryptos.

因此，比特幣在一個不斷地平衡對安全的追求與尋找創新的市場中運作，因為PANDL的講話完美地說明了這種雙重性，該二元性將繼續在加密貨幣中構建資本分配。

Maintaining BTC dominance around 60% to 70% seems likely in the short to medium term, while altcoins continue their remarkable journey of technological advancement.

在短期到中期，保持BTC優勢約為60％至70％，而Altcoins則繼續其出色的技術進步旅程。

The post Bitcoin dominance drops to 62.6% as crypto market adjusts appeared first on MCentral.

隨著加密貨幣市場調整首先出現在Mcentral上，比特幣的優勢下降到62.6％。