山寨幣預計在 2025 年成為焦點，比特幣的主導地位面臨壓力

以比特幣在2025 年初令人印象深刻的7% 飆升為首，加密貨幣市場迎來了新的一年。山寨幣的轉變奠定了基礎。

2025 has brought a roaring start to the cryptocurrency market, spearheaded by Bitcoin’s impressive 7% surge. This surge has not only instilled renewed optimism across the digital asset landscape but has also set the stage for a potential shift towards altcoins—a phenomenon often termed an “altseason.”

2025 年，在比特幣令人印象深刻的 7% 飆升的帶動下，加密貨幣市場迎來了一個強勁的開局。這種激增不僅為數位資產領域注入了新的樂觀情緒，而且還為向山寨幣的潛在轉變奠定了基礎——這種現象通常被稱為「山寨幣季節」。

Bitcoin’s dominance, a metric quantifying its share of the total cryptocurrency market capitalization, has played a historically pivotal role in shaping market trends. Over recent weeks, analysts have observed a gradual decline in this dominance. Such a breakdown typically serves as a precursor to an altseason, where alternative cryptocurrencies outpace Bitcoin.

比特幣的主導地位是量化其在加密貨幣總市值中所佔份額的指標，在塑造市場趨勢方面歷來發揮關鍵作用。最近幾週，分析師觀察到這種主導地位逐漸下降。這種崩潰通常是山寨幣季節的前兆，在山寨幣季節，替代加密貨幣的速度超過了比特幣。

Renowned analyst Jelle highlights the significance of the TOTAL3 index—a benchmark excluding Bitcoin and Ethereum—approaching price discovery. This technical milestone signals a potential for new highs among altcoins, driven by increased investor interest and trading volumes.

著名分析師 Jelle 強調了 TOTAL3 指數（不包括比特幣和以太坊的基準）接近價格發現的重要性。這項技術里程碑標誌著在投資者興趣和交易量增加的推動下，山寨幣有可能創下新高。

The interplay between Bitcoin’s dominance and altcoin performance is not a novel concept. In late 2024, Bitcoin’s dominance peaked at 58.9% as its price approached the $70,000 mark, leaving altcoins lagging behind. However, as Bitcoin now trades around $98,352, its dominance appears to be waning, creating opportunities for altcoins to capture market share.

比特幣的主導地位和山寨幣的表現之間的相互作用並不是一個新概念。 2024 年末，隨著價格接近 7 萬美元大關，比特幣的主導地位達到了 58.9% 的峰值，而山寨幣則落後了。然而，由於比特幣目前的交易價格約為 98,352 美元，其主導地位似乎正在減弱，這為山寨幣佔領市場份額創造了機會。

Ethereum, the leading altcoin, is showing resilience with a current price of approximately $3,643—a 1.57% increase from its previous close. Meanwhile, other notable altcoins like Binance Coin (BNB), XRP, and Cardano exhibit mixed performances, reflecting cautious optimism among investors.

領先的山寨幣以太幣表現出彈性，當前價格約為 3,643 美元，較前收盤價上漲 1.57%。同時，幣安幣（BNB）、XRP 和卡爾達諾等其他著名山寨幣的表現好壞參半，反映出投資者的謹慎樂觀態度。

This evolving market dynamic underscores a critical transition. As capital begins to flow from Bitcoin into altcoins, the crypto market’s structure could see a significant reshaping in 2025. Analysts are observing keenly whether this trend will ignite a full-blown altseason, reminiscent of past cycles where altcoins delivered exponential returns.

這種不斷變化的市場動態凸顯了一個關鍵的轉變。隨著資本開始從比特幣流向山寨幣，加密貨幣市場的結構可能會在2025 年發生重大重塑。帶來指數報酬的周期。

The narrative surrounding altcoins is bolstered by their utility-driven growth, with many projects offering real-world applications that are attracting both retail and institutional investors. Should Bitcoin’s dominance continue its downward trajectory, it may signal a pivotal moment for altcoins to seize the spotlight in the ongoing cryptocurrency revolution.

圍繞山寨幣的敘述受到其公用事業驅動的成長的支持，許多項目提供了吸引散戶和機構投資者的實際應用程式。如果比特幣的主導地位繼續下滑，這可能標誌著山寨幣在正在進行的加密貨幣革命中抓住聚光燈的關鍵時刻。