比特幣[BTC]風險情緒促進了altcoin市場

5月的風險觀點大大提高了山寨幣市場，尤其是在比特幣[BTC]上週飆升至10萬美元之後。

The cryptocurrency market has seen a shift in favor of altcoins, which may be setting the stage for an "initial phase" of altcoin season, according to an analyst.

一位分析師稱，加密貨幣市場已經發生了轉變，有利於Altcoins，這可能為Altcoin季節的“初始階段”奠定了基礎。

Bitcoin price may be key to determining crypto market trends

比特幣價格可能是確定加密市場趨勢的關鍵

比特幣價格可能是確定加密市場趨勢的關鍵

The risk-on sentiment in May has significantly boosted the altcoin market, especially after Bitcoin surged above $100K last week.

5月份的風險觀點大大提高了替代幣市場，尤其是在比特幣上週飆升至10萬美元之後。

Looking ahead, the building momentum may be a signal of an incoming first phase of the altcoin season, noted analytics firm Swissblock.

展望未來，建築勢頭可能是Altcoin季節進入第一階段的信號。

"First leg of Altseason incoming. Last time we got this confirmation was February and November of 2024," the firm said.

該公司說：“進季季節的第一站。上次我們得到這一確認是2024年2月和11月。”

The attached chart shows an uptick in positive altcoin impulse (blue), a trend flashed in both February and November 2024 altcoin run-ups.

所附圖表顯示了正山幣脈衝（藍色）的上升，這一趨勢在2024年2月和11月的Altcoin Rum-ups中閃爍。

The post Bitcoin surges, setting stage for Phase 1 of altcoin season- Swissblock appeared first on AMBCrypto.

比特幣後的爆發，設定了Altcoin Season-Swissblock的第1階段階段，首先出現在Ambcrypto上。

Crypto analyst Benjamin Cowen also shared his perspective on the potential for altcoin season.

加密分析師本傑明·科恩（Benjamin Cowen）也分享了他對替代賽季節潛力的看法。

Cowen noted that, from a price chart perspective, there was an increasing number of altcoins above the 100-day Simple Moving Average (SMA).

Cowen指出，從價格圖表的角度來看，高於100天簡單移動平均線（SMA）的山寨幣數量越來越多。

"From a chart perspective, it’s pretty clear that we’re seeing more and more altcoins stay above the 100-day SMA. If we get to a point where the majority of the large-cap altcoins are above the 100-day SMA, and they’re able to sustain it for a period of time, then I think we can say that we’re in altcoin season."

“從圖表的角度來看，很明顯，我們看到越來越多的AltCoins保持在100天的SMA之上。如果我們到達大多數大型Altcoins的地步高於100天SMA，他們可以在一段時間內維持它，那麼我認為我們可以說我們在Altcoin季節中。”

As of the last Friday of May, about half of the top 20 cryptocurrencies, excluding Bitcoin and Ethereum, were trading above the 100-day SMA.

截至5月的最後一個星期五，在不包括比特幣和以太坊的前20名加密貨幣中，大約有一半的交易高於100天SMA。

Meanwhile, the shift in favor of altcoins was evident in May as Bitcoin dominance hit a cycle high of 65.3 percent, slowing the broader altcoin sector’s April recovery.

同時，五月份對替代幣的轉變顯而易見，因為比特幣優勢達到了65.3％的循環，從而減慢了更廣泛的山寨幣行業的四月恢復。

However, last week’s BTC jump above $100K was also marked by a sharp 4 percent drop in BTC dominance to 62 percent.

但是，上週的BTC上漲超過$ 100k的價格也標誌著BTC優勢下降了4％，至62％。

This coincided with a decline in Tether’s USDT dominance from 6 percent to 4.5 percent over the past three weeks, indicating some capital rotation from BTC to the altcoin sector.

這是因為在過去三周中，Tether的USDT優勢從6％降至4.5％，這表明從BTC到Altcoin行業進行了一些資本旋轉。

This was confirmed by a rebound in altcoin market cap, excluding BTC and ETH, from over $600 billion to over $900 billion.

Altcoin市值的反彈證實了這一點，不包括BTC和ETH，從超過6000億美元到超過9000億美元。

For context, last November’s altcoin pump was marked by similar signals – a sharp drop in BTC and USDT dominance. This validates the Swissblock outlook if the trend repeats.

在上下文中，去年11月的Altcoin泵具有類似信號的標誌 - BTC和USDT優勢急劇下降。如果趨勢重複出現，這可以驗證瑞士屏幕前景。

That said, it was still a firm BTC season, according to the Altcoin Season Index (ASI) reading of 27.

也就是說，根據Altcoin季節指數（ASI）的27讀，這仍然是一個堅定的BTC賽季。

Notably, the ASI is a lagging indicator, tracking BTC’s performance against altcoins over the past 90 days.

值得注意的是，ASI是一個滯後指標，在過去的90天內跟踪BTC對Altcoins的性能。

Despite this, Monero, Sui, Bittensor, and Tron outperformed BTC in the same period.

儘管如此，在同一時期，Monero，Sui，Bittensor和Tron的表現優於BTC。

Since April, altcoin season momentum has increased. However, not all altcoins will perform equally. Focusing on sub-sector leaders with strong fundamentals could improve positioning.

自4月以來，Altcoin季節的動力有所增加。但是，並非所有山寨幣都會同樣執行。專注於具有強大基礎的子行業領導者可以改善定位。

The post Bitcoin surges, setting stage for Phase 1 of altcoin season- Swissblock appeared first on AMBCrypto.

比特幣後的爆發，設定了Altcoin Season-Swissblock的第1階段階段，首先出現在Ambcrypto上。

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