這個加密循環感覺不同 - 它可能不會遵循舊規則

現在，比特幣佔有近60％的加密市政上限，確實認為，到2026 - 27年，它可能達到40萬美元 - 60萬美元。

Popular crypto analyst Michael van de Poppe recently shared a thought-provoking take on the current crypto cycle, suggesting it might be different and last longer than many anticipate.

流行的加密分析師邁克爾·範·德·波普（Michael Van de Poppe）最近在當前的加密週期中分享了發人深省的觀點，這表明它可能有所不同，並且持續時間比許多人預期的時間更長。

This time, the narrative is unfolding in an interesting way with Bitcoin’s price now hitting $112k and claiming nearly 60% of the crypto market cap.

這次，敘述以一種有趣的方式展開，比特幣的價格現在達到112,000美元，並聲稱近60％的加密貨幣市場上限。

As institutions are joining the space with spot Bitcoin ETFs and interest from government leaders, the stage is being set for something much bigger.

隨著機構與現貨比特幣ETF一起加入該空間和政府領導人的興趣，該階段正處於更大的範圍內。

However, despite this, does this mean that the bull market will be coming to an end any time soon?

但是，儘管如此，這是否意味著牛市很快就會結束？

According to the analysis, this time it’s not just retail traders who are pushing the market.

根據分析，這次不僅是零售商人推動市場。

Those who have been following the crypto market closely know that typically, Bitcoin goes on a strong run, paving the way for altcoins to rally later. Afterwards, everything experiences a downturn before starting a new cycle.

那些一直關注加密貨幣市場的人非常知道，通常情況下，比特幣進行了強勁的運行，為AltCoins稍後集會鋪平了道路。之後，在開始新的周期之前，一切都經歷了低迷。

But this time, the usual rhythm seems to be off.

但是這次，通常的節奏似乎已經消失了。

In the last 18 months, Bitcoin has been consistently breaking new highs and growing in strength, while everything else follows in its wake.

在過去的18個月中，比特幣一直在打破新的高點並增長的力量，而其他一切都在其後面。

At the moment, Bitcoin is now at around 60% of the total crypto market cap, a number we haven’t seen in a while, which would usually indicate that Bitcoin’s uptrend might slow down.

目前，比特幣現在約佔總加密市值的60％，這一數字已經有一段時間了，這通常表明比特幣的上升趨勢可能會減慢。

However, this time, it’s not just retail traders who are behind the push; it’s also big players, who are now making significant moves in the crypto market.

但是，這次，不僅僅是零售商人推動的幕後推銷者。這也是大型球員，他們現在正在加密貨幣市場採取重大行動。

From interest from government leaders to spot Bitcoin ETFs, the stage is being set for something much bigger.

從政府領導者到發現比特幣ETF的興趣，階段正在為更大的事情設定。

Institutions are now entering the market in a big way, prepared to invest in the long term, rather than just making risky short-term bets.

機構現在正在大量進入市場，準備長期投資，而不僅僅是進行危險的短期下注。

As Matthew Kimmell from CoinShares points out, usually, Bitcoin gains strength in early recoveries, and traders tend to cool down on Bitcoin to chase riskier coins. But today, things feel more stable and the broader market is also recovering.

正如Coinshares的Matthew Kimmell所指出的那樣，通常，比特幣在早期康復中獲得了強度，而交易員傾向於在比特幣上冷卻以追逐風險的硬幣。但是今天，情況感覺更加穩定，更廣泛的市場也正在恢復。

This is a new dynamic that is unfolding as institutions are making a substantial impact on the market.

這是一種新的動態，它正在發展，因為機構正在對市場產生重大影響。

But what does this new world of finance hold for Bitcoin and altcoins in the coming years?

但是，在未來幾年中，比特幣和山寨幣的新金融世界有什麼影響？

Well, according to the analysis by crypto analyst Michael van de Poppe, we might need to start thinking differently about the current bull cycle.

好吧，根據加密分析師Michael Van de Poppe的分析，我們可能需要開始對當前的牛週期進行不同的思考。

Instead of assuming it will peak in 2025, like many out there believe, we might be looking at 2026 or 2027. And by that time, he says, he can see Bitcoin reaching $400,000 to $600,000.

與其假設它將在2025年達到頂峰，就像許多人認為一樣，我們可能會看2026或2027。

But that’s not all—he thinks altcoins will fly even higher from there.

但這還不是全部 - 他認為Altcoins從那裡起著甚至更高的飛行。

If this extended cycle plays out like he anticipates, then we could see some serious gains for altcoins.

如果這個擴展的周期像他預期的那樣表現出色，那麼我們可以看到山寨幣的一些嚴重收益。

With more real-world use cases and better infrastructure being built every day, and investor interest increasing, coins other than BTC might finally have their breakout moment to reach triple or quadruple digits.

每天都有更多現實世界中的用例和更好的基礎設施，而投資者的興趣增加，BTC以外的其他硬幣最終可能會有其突破性的時刻來達到三倍或四倍數字。

But it’s not just about the technical analysis.

但這不僅與技術分析有關。

The analyst is also urging investors to approach the market with an open mind and to be prepared for anything.

分析師還敦促投資者開放的心態，並為任何事情做好準備。

In the last two years, we’ve seen some incredible moves in the crypto market, and we can expect to see even more volatility and surprises in the years to come.

在過去的兩年中，我們在加密市場中看到了一些令人難以置信的舉動，我們可以期望在未來幾年看到更多的波動和驚喜。

As the market becomes increasingly interconnected, it’s more important than ever to be able to see the bigger picture and to adapt to changing conditions.

隨著市場變得越來越互連，能夠看到更大的情況並適應不斷變化的條件比以往任何時候都重要。

Only time will tell if this extended cycle plays out like the analyst anticipates, but one thing is for sure: the journey will be interesting, to say the least.

只有時間才能說明這個擴展週期是否像分析師預期的那樣進行，但是可以肯定的是：至少可以說，旅程會很有趣。