即使比特幣是看好的，為什麼加密市場也會下降？

當比特幣表現出看漲的趨勢（意味著其價格上漲）時，許多人期望整個加密貨幣市場都效仿。

It's a common observation that even when Bitcoin shows a bullish trend, the broader crypto market might still be declining.

普遍的觀察是，即使比特幣表現出看漲趨勢，更廣泛的加密貨幣市場可能仍在下降。

When people invest in Bitcoin and its price increases, it usually pulls liquidity and capital away from other crypto assets, leading to a decrease in the price of those assets.

當人們投資比特幣及其價格上漲時，通常會將流動性和資本從其他加密資產中撤出，從而導致這些資產的價格下降。

1. Bitcoin Dominance Is Rising

1。比特幣優勢正在上升

As Bitcoin's price surges, investor focus naturally shifts entirely to BTC, especially during periods of high volatility or risk-off sentiment. This, in turn, increases the Bitcoin Dominance index, which measures BTC's share of the total crypto market cap.

隨著比特幣的價格飆升，投資者的重點自然會完全轉移到BTC上，尤其是在高波動性或風險情緒的時期。反過來，這增加了比特幣優勢指數，該指數衡量了BTC在加密貨幣市值中的份額。

However, as dominance rises, liquidity and capital flow out of altcoins, rolling over into BTC to capitalize on its upward trend. This liquidity shift puts selling pressure on altcoins, decreasing their prices.

但是，隨著優勢的上升，流動性和資本從山寨幣流出，進入BTC以利用其上升趨勢。這種流動性轉變造成了對山寨幣的銷售壓力，從而降低了價格。

2. Profit-Taking From Altcoins to Buy More Bitcoin

2。從山寨幣中獲利以購買更多比特幣

During BTC rallies, many investors might sell their altcoin holdings to buy more Bitcoin and capitalize further on the promising upward trend. This contributes to selling pressure on altcoins as traders attempt to take profits from their previous investments and deploy those funds into the asset class they believe will continue performing best.

在BTC集會期間，許多投資者可能會出售其Altcoin Holdings以購買更多比特幣並進一步利用有希望的上升趨勢。隨著交易者試圖從以前的投資中獲取利潤，並將這些資金部署到他們認為將繼續表現最好的資產類別中，這會導致對Altcoins的銷售壓力。

3. Market Caution and Stability

3。市場的謹慎和穩定

During periods of high volatility, both big players (whales) and institutions prefer stability and less risk. When Bitcoin moves sharply—either up or down—they may move funds out of altcoins and into BTC for stability and less risk. This risk-averse behavior, driven by macroeconomic uncertainty or fear, hurts altcoins performance.

在高波動率的時期，大型參與者（鯨魚）和機構都傾向於穩定，風險較小。當比特幣急劇移動（無論是向上還是向下）時，他們可能會將資金從山寨幣移出並進入BTC，以穩定穩定，風險較小。宏觀經濟不確定性或恐懼驅動的這種規避風險的行為會損害山寨幣的表現。

4. News-Driven Volatility Creates Uneven Reactions

4。新聞驅動的波動率會產生不平衡的反應

Sometimes, a bullish move in BTC is driven by specific news that does not impact altcoins. For instance, if ETF approvals, macroeconomic signals, or institutional interest drives Bitcoin up, then the market reaction might be uneven.

有時，BTC中的看漲舉動是由不影響Altcoins的特定新聞驅動的。例如，如果ETF批准，宏觀經濟信號或機構利益驅動比特幣，那麼市場反應可能不平衡。

5. Altcoins Typically Begin To Rally After Bitcoin Stabilizes or Reaches a Local Peak

5。替代幣通常在比特幣穩定或達到本地峰後開始集會

If BTC is in the middle of a breakout or early bull phase, altcoins may lag behind and only pick up momentum in the later stages. As Bitcoin stabilizes and the initial breakout plays out, usually around a local peak or Fibonacci level, altcoins begin to follow suit. This is because the liquidity that drove Bitcoin's move usually flows into altcoins next.

如果BTC處於突破性或早期公牛階段的中間，則Altcoins可能會落後，而僅在後期才能獲得動力。隨著比特幣的穩定穩定，最初的突破通常在局部峰或斐波那契水平上，山寨幣開始效仿。這是因為將比特幣移動的流動性通常流入接下來。