比特币需要折扣110,000美元，并将其集成为$ 150,000- $ 200,000的ALT季节才能开始

比特币需要突破110,000美元，集会到$ 150,000- $ 200,000的销售额销量上升的ALT季节开始

BitMEX co-founder Arthur Hayes has said that Bitcoin needs to break through $110,000 and rally toward the $150,000-$200,000 range on rising trading volume for the alt season to begin.

Bitmex联合创始人Arthur Hayes表示，比特币需要突破110,000美元，并在ALT季节开始的交易量增加150,000-2万美元。

"I think that happens sometime in the summer or early third quarter, and then the rotation starts into various altcoins," Hayes noted , when asked what level Bitcoin needs to reach to trigger an altcoin rally.

海斯指出：“我认为这发生在夏季或第三季度初的某个时候，然后旋转开始到各种山寨币。”

Alt season describes the market phase where altcoins outperform Bitcoin, historically occurring after BTC rallies when traders shift capital from BTC into altcoins seeking greater upside.

Alt季节描述了市场阶段，在BTC集会之后，当交易者将资本从BTC转移到寻求更大上涨空间的Altcoins时，AltCoins优于BTC集会后发生的比特币。

Bitcoin has led the market in recent weeks, but altcoins have been slower to respond.

最近几周，比特币领导了市场，但替代币的反应速度较慢。

According to Hayes, unlike the explosive altcoin rally of 2021, where nearly every token surged regardless of fundamentals, the next cycle will likely be more selective.

根据海耶斯的说法，与2021年爆炸性替代集会不同，无论基本原理如何，几乎每个令牌都会飙升，下一个周期可能会更具选择性。

He believes a new narrative will drive attention and speculative trading in specific assets, but warns that many “dino coins” are unlikely to recover.

他认为，一种新的叙述将引起特定资产的关注和投机性交易，但警告说，许多“恐龙硬币”不太可能恢复。

"A lot of those coins have high FDV, low float, no customers, no revenue, just some CEX listings, that went down 95%, I don’t really see why those should do well in the next cycle,” he added.

他补充说：“这些硬币中的许多硬币具有很高的FDV，低浮标，没有客户，没有收入，只有一些CEX列表下降了95％，我真的不明白为什么这些在下一个周期中应该做得很好。”

Hayes, who now manages the Maelstrom fund after receiving a pardon from President Donald Trump earlier this year, expects Bitcoin to climb toward $200,000 in its next surge and reach $250,000 by the year end.

海耶斯（Hayes）在今年早些时候从唐纳德·特朗普（Donald Trump）获得赦免后，现在管理着大漩涡基金会（Maelstrom Fund），他预计比特币将在下一个激增中攀升至200,000美元，并在年底之前达到25万美元。

He projects Bitcoin will hit $1 million by 2028, just as Trump's term is set to conclude.

他的项目比特币将在2028年达到100万美元，就像特朗普的任期定为结论一样。

Bitcoin logged its highest weekly close on May 18, finishing above $106,000 and extending its winning streak to six consecutive weeks. The rally has been driven by persistent inflows into spot Bitcoin ETFs and steady corporate demand.

比特币在5月18日的每周关闭时记录了最高的每周关闭时间，完成了106,000美元以上，并将其连胜纪录延长至连续六个星期。该集会是由持续流入的比特币ETF和稳定的公司需求驱动的。

On Sunday, Bitcoin briefly touched $107,000 before pulling back. At the time of writing, it was trading near $103,000, around 6% below its all-time high of $109,500, which was set in January.

周日，比特币在退缩之前短暂触摸了107,000美元。在撰写本文时，它的交易价格接近103,000美元，比1月份设定的109,500美元的历史最高点高约6％。

Hayes maintains a large position in gold, he revealed during the interview, with around 20% of his portfolio allocated to the asset.

他在采访中透露，海耶斯在黄金方面保持了巨大的地位，约有20％的投资组合分配给了资产。

His holdings include physical gold stored in a vault as well as substantial investments in gold mining equities, which he believes remain undervalued despite the metal’s rising prices.

他的股份包括存储在金库中的物理黄金以及对黄金开采股票的大量投资，他认为尽管金属的价格上涨，但这仍然被低估了。

On Ethereum versus Solana, Hayes favors Ethereum's prospects. The analyst believes that Ethereum's underlying fundamentals and ecosystem strength make it a better bet than Solana in the near future, despite its recent price struggles and the criticism it faces.

关于以太坊与索拉纳，海斯有利于以太坊的前景。该分析师认为，尽管以太坊的基本面和生态系统的力量使它在不久的将来比Solana更好，尽管它最近的价格挣扎及其面临的批评。

"I think that Ethereum could outperform Solana in this next sort of 18-24 months bull run,” he said.

他说：“我认为以太坊在下一个18-24个月的公牛跑中表现可以胜过Solana。”