分析师警告说

据加密分析师本杰明·科恩（Benjamin Cowen）称，比特币看起来在不久的将来会超过山寨币。

Crypto analyst Benjamin Cowen is advising investors to keep their powder dry and avoid getting too excited about an "altcoin season" just yet.

加密分析师本杰明·科恩（Benjamin Cowen）建议投资者保持粉末状态，并避免对“山寨币季节”感到兴奋。

In his latest YouTube analysis, Cowen highlighted a key sentiment indicator — the social risk metric — which shows that interest in altcoins is fading fast.

Cowen在他的最新YouTube分析中强调了一个关键的情感指标 - 社会风险指标 - 表明对Altcoins的兴趣正在迅速消失。

"If you look at Ethereum, it tends to be a good barometer for where things are going in the altcoin market. When people get weaker on ETH, they get weaker on crypto in general, and when people get weaker on crypto, they usually start rotating out of altcoins and into Bitcoin."

“如果您看以太坊，它往往是一个很好的晴雨表，对于altcoin市场的发展方向。当人们对ETH的越来越弱时，他们在加密货币的一般情况下会变得越来越弱，当人们在加密货币上变得较弱时，他们通常会开始旋转山寨币并进入比特币。”

Recent drops in Ethereum's price have coincided with a sharp decline in social media engagement around crypto, reinforcing his view that altcoins will likely continue underperforming.

以太坊价格的最近下跌与加密货币周围社交媒体参与的急剧下降相吻合，这加强了他认为Altcoins可能会继续表现不佳的观点。

However, Cowen notes that the situation could eventually shift. He believes a loosening of US monetary policy could breathe new life into altcoins.

但是，Cowen指出情况最终可能发生变化。他认为，对美国货币政策的放松可能会将新的生命注入山寨币。

"We need to see more economic pain get baked into the market before we start to see a response out of policy-makers in terms of easing financial conditions."

“我们需要看到更多的经济痛苦在减轻财务状况方面开始看到决策者的反应，然后才能烘烤市场。”

Until then, he expects Bitcoin to stay dominant as investors shy away from higher-risk bets.

在此之前，他预计比特币会偏离高风险赌注，因此比特币保持占主导地位。

"We're going to see Bitcoin continue to outperform as long as people are skittish and trying to avoid risk. So, we're not quite in altcoin season yet. I think we need to see some more economic pain get baked into the market before we start to see a response out of policy-makers in terms of easing financial conditions."

“我们将看到比特币继续跑赢大盘，只要人们屈服并试图避免风险。因此，我们还不是在Altcoin季节。我认为我们需要看到一些更经济的痛苦在我们开始在宽松的财务条件下从政策制定者开始的反应之前就被市场烘烤。”

Cowen also pointed out that while many traders are eager for an "altcoin season," the broader environment isn't supportive yet.

Cowen还指出，尽管许多交易者渴望“ Altcoin赛季”，但更广泛的环境尚不支持。

"I think a lot of traders are hoping for a rapid rebound in the altcoin market, but we're not going to see that without some significant changes in economic policy. For now, the safest play is to stick with Bitcoin as the market weathers ongoing volatility."output: No Altseason Yet: Bitcoin Remains the Safer Bet, Analyst Warns

“我认为许多交易员希望在altcoin市场上迅速反弹，但是我们不会看到没有经济政策的重大变化。就目前而言，最安全的游戏是坚持比特币，因为市场持续的波动性持续的波动性。”输出：尚无Altseason：Bitcoin仍然是更安全的下注，分析师是更安全的下注，分析师警告说，Bitsoin仍然是更安全的选择。

Bitcoin looks set to keep outperforming altcoins in the near future, according to crypto analyst Benjamin Cowen.

据加密分析师本杰明·考恩（Benjamin Cowen）称，比特币看起来将在不久的将来保持优于山寨币。

In his latest YouTube analysis, Cowen pointed to a key sentiment indicator — the social risk metric — which shows that interest in altcoins is fading fast.

Cowen在最新的YouTube分析中指出了一个关键的情感指标 - 社会风险指标 - 表明对Altcoins的兴趣正在迅速消失。

"If you look at Ethereum, it tends to be a good barometer for where things are going in the altcoin market. When people get weaker on ETH, they get weaker on crypto in general, and when people get weaker on crypto, they usually start rotating out of altcoins and into Bitcoin."

“如果您看以太坊，它往往是一个很好的晴雨表，对于altcoin市场的发展方向。当人们对ETH的越来越弱时，他们在加密货币的一般情况下会变得越来越弱，当人们在加密货币上变得较弱时，他们通常会开始旋转山寨币并进入比特币。”

Recent drops in Ethereum's price have coincided with a sharp decline in social media engagement around crypto, reinforcing his view that altcoins will likely continue underperforming.

以太坊价格的最近下跌与加密货币周围社交媒体参与的急剧下降相吻合，这加强了他认为Altcoins可能会继续表现不佳的观点。

However, Cowen notes that the situation could eventually shift. He believes a loosening of US monetary policy could breathe new life into altcoins.

但是，Cowen指出情况最终可能发生变化。他认为，对美国货币政策的放松可能会将新的生命注入山寨币。

"We need to see more economic pain get baked into the market before we start to see a response out of policy-makers in terms of easing financial conditions. Until then, we're going to see Bitcoin continue to outperform as long as people are skittish and trying to avoid risk. So, we're not quite in altcoin season yet. I think we need to see some more economic pain get baked into the market before we start to see a response out of policy-makers in terms of easing financial conditions. And for now, the safest play is to stick with Bitcoin as the market weathers ongoing volatility."

“我们需要看到更多的经济痛苦在减轻财务状况方面的政策制定者的反应之前就被烘烤到市场上。直到那时，我们将看到比特币继续表现出色。只要人们逃避并避免风险。最安全的游戏是坚持比特币，因为市场风雨持续的波动性。”