比特幣優勢降至63.89％，為altcoin季節打開了大門

以太坊（ETH）在過去24小時內增長了13％。 Solana（Sol），Dogecoin（Doge）和Cardano（Ada）上漲了6％以上。

Bitcoin dominance dropped from over 65% to 63.89% in early May 2025, according to TradingView. The decrease occurred soon after Bitcoin crossed $100,000 for the first time since February 3.

根據TradingView的數據，比特幣優勢從2025年初下降到63.89％。自2月3日以來，比特幣首次超過100,000美元後，減少發生了。

The decline in Bitcoin dominance follows its rise to the highest level since January 2021. This shift suggests that capital may be moving from Bitcoin to other cryptocurrencies.

比特幣優勢的下降是自2021年1月以來的最高水平。這一轉變表明，資本可能正在從比特幣轉移到其他加密貨幣。

Crypto exchange, CoinMarketCap's Altcoin Season Index also rose, indicating increased interest in altcoins. The index, which tracks how many of the top 100 coins outperformed Bitcoin over the past 90 days, scored 23 on May 5 and 36 on May 9. It excludes stablecoins and tokenized assets like WBTC and stETH.

CoinMarketCap的AltCoin季節指數也增加了加密交易所，表明對山寨幣的興趣增加。該指數跟踪過去90天的前100個硬幣中有多少比比特幣的表現，在5月5日和36日在5月9日得分23。

A score below 25 signals Bitcoin Season, while a score above 75 marks Altcoin Season. Current levels place the market in a neutral state. In April, the index fell to 12, its lowest point since December. It had previously reached 87, a yearly high.

低於25個信號比特幣賽季的得分，而得分超過75分的Altcoin賽季。當前水平將市場置於中立狀態。 4月，該指數降至12，這是自12月以來的最低點。它以前達到87，每年高。

The jump to 36 reflects stronger altcoin performance in early May. The index remains below the 75 mark needed to confirm a full altcoin season. However, it shows a shift from the deep Bitcoin-dominated phase in April.

跳到36的跳躍反映了5月初的Altcoin表現更強。該指數仍低於確認完整的AltCoin賽季所需的75分。但是，它顯示出4月份以比特幣為主階段的轉變。

ETH/BTC Ratio Rises After Hitting 2020 Lows

達到2020年低點後的ETH/BTC比率上升

The ETH/BTC ratio recently touched its lowest level since 2020. This drop demonstrated Ethereum's continued underperformance against Bitcoin over the past year.

ETH/BTC的比率最近觸及了自2020年以來的最低水平。這次下降表明以太坊在過去一年中對比特幣的表現不佳。

The ratio then bounced, indicating a possible structural rotation in the market. Data from TradingView shows this move occurred around the same time Bitcoin's dominance declined and Ethereum gained nearly 13% in one day.

該比率隨後彈跳，表明市場可能發生結構性旋轉。來自TradingView的數據顯示，此舉發生在同一時間比特幣的主導地位下降，以太坊在一天之內獲得了近13％。

CryptoQuant CEO Ki Young Ju commented on this trend, saying, "Bitcoin Cycle Theory is obsolete." He highlighted changes in how capital moves through the market with statements like, "WETH is being used more than ETH now."

CryptoQuant首席執行官Ki Young Ju評論了這一趨勢，他說：“比特幣週期理論已經過時。”他強調了資本如何在市場上轉移的變化，例如“韋斯現在使用的比現在更多”。

YTD Data Shows Bitcoin Still Leads in 2025

YTD數據顯示比特幣仍在2025年領先

Bitcoin is up 10% year-to-date (YTD) in 2025, according to blockchain data provider, Messari. Most altcoins remain down. Ethereum has dropped 30% YTD. Other major tokens like Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Shiba Inu (SHIB) are also down over 20%.

根據區塊鏈數據提供商Messari的數據，比特幣在2025年逐年增長10％（YTD）。大多數山寨幣仍保持下降。以太坊已下降30％。其他主要令牌（例如Dogecoin（Doge），Chainlink（Link），Avalanche（Avax）和Shiba Inu（Shib）（Shib）也下降了20％以上。

XRP is the only top altcoin outperforming Bitcoin this year. It has gained more than 12% YTD. The rest of the altcoin market has yet to recover from earlier losses.

XRP是今年唯一勝過比特幣的頂級替代幣。它的YTD增長了12％以上。其餘的Altcoin市場尚未從早期損失中恢復過來。

However, despite the poor performance over the full year, altcoins have started May with gains. Ethereum's rise, along with Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), shows that capital is returning to altcoins after months of focus on Bitcoin.

但是，儘管全年表現不佳，但Altcoins的啟動五月份開始。以太坊的崛起，以及索拉納（Sol），狗狗（Doge）和卡達諾（ADA）的崛起，表明，經過幾個月的專注於比特幣，資本正在返回Altcoins。