比特币（BTC）接近其历史最高的高级币也正在上升

由于比特币接近有史以来的最高价格，因此加密货币市场今天已经有了很强的开端，而且Altcoins也在上升。

The crypto market is starting the year on a strong note, with Bitcoin nearing its all-time high and altcoins also making gains. The rally comes as the GENIUS stablecoin bill passed a key vote in the Senate, boosting market confidence.

加密市场正在开始一年，比特币接近其历史最高水平，而Altcoins也取得了收益。这次集会是随着天才斯塔布莱肯（Stablecoin）法案通过参议院的重要投票，增强了市场信心。

If BTC manages to break above its $109K all-time high, it could pave the way for even higher prices and potentially trigger a full-blown altcoin season.

如果BTC设法超过其历史最高高价的$ 109K，它可能会为更高的价格铺平道路，并可能触发成熟的Altcoin季节。

Crypto market just broke out after 3 years and retested key levels. Analysts believe that altcoins will rally more than BTC due to the upcoming rate cuts, staking ETFs, and new regulations that will boost risk assets.

加密市场3年后刚刚爆发并重新测试了关键水平。分析人士认为，由于即将降低利率，Staking ETF和新法规，AltCoins将超过BTC，这些法规将促进风险资产。

Bitcoin vs Altcoins

比特币与altcoins

The battle between Bitcoin and altcoins is heating up and it all comes down to one crucial level on the Bitcoin Dominance chart. Bitcoin Dominance is currently at 64%, a crossroads that could either send altcoins crashing or launch them into a new rally. What happens next could shape the short to mid-term outlook for altcoins.

比特币和Altcoins之间的战斗正在加热，这一切都归结为比特币优势图中的一个关键水平。比特币的优势目前为64％，这是一个可以使山寨币崩溃或将其发射到新的集会中的十字路口。接下来发生的事情可能会影响AltCoins的短期至中期前景。

If Bitcoin moves higher from here, breaking above the 64% dominance, then it could attract even more attention and capital. This could mean that altcoins might stay weak or even drop further. But if Bitcoin gets pushed down below 64%, then altcoins could bounce, sparking an altcoin rally in the market.

如果比特币从这里移动更高，超过了64％的优势，那么它可能会吸引更多的关注和资本。这可能意味着AltCoins可能会保持虚弱甚至进一步下降。但是，如果比特币被推低64％，那么Altcoins可能会反弹，从而在市场上引发Altcoin Rally。

If Bitcoin’s price keeps climbing, then BTC dominance could stay high and altcoins will lag behind. And if Bitcoin pulls back or stays steady, altcoins will get a chance to shine on.

如果比特币的价格不断攀升，那么BTC的优势就可以保持很高，而Altcoins将落后。而且，如果比特币向后拉或保持稳定，AltCoins将有机会发光。

Altcoin Season To Start After BTC Hits Key Level

BTC达到密钥水平之后开始的Altcoin季节

Arthur Hayes predicts that altcoin season will not start until Bitcoin breaks above $110,000. Once that level is cleared, Bitcoin could rally toward $150K–$200K by summer, with profits likely flowing into altcoins soon after. He expects the 2025 alt season to be smaller than 2021’s noting that many older tokens with high FDVs and low demand may not bounce back.

亚瑟·海耶斯（Arthur Hayes）预测，直到比特币中断超过110,000美元，Altcoin季节才能开始。一旦清除了该水平，比特币可能会涨到15万美元 - 到夏季的$ 20万美元，不久之后，利润可能会流入Altcoins。他预计，2025 ALT季节将小于2021年的指出，许多FDV且需求低的年龄较大的令牌可能不会反弹。

Is It Too Early For Altcoin Season?

替补赛季还为时过早吗？

Ethereum has outpaced Bitcoin, pushing the ETH/BTC pair up 34% in a week, its first major breakout since Dec 2024. This has fueled altcoin season talks. However, key indicators say it’s not here yet.

以太坊的比特币超过了比特币，一周内将ETH/BTC对提高了34％，这是自2024年12月以来的第一个重大突破。这加剧了Altcoin赛季的谈判。但是，主要指标说它还不在这里。

Altseason isn't cancelled. It's delayed! pic.twitter.com/iyykrJD68J

Altseason并未取消。延迟了！ pic.twitter.com/iyykrjd68j

In 2022, Ethereum jumped 121% in just over a month, that sparked a major altcoin season. Back then, 75% of the top 50 coins outperformed Bitcoin, and the altcoin season index hit 96. However, currently the Altcoin Season Index is just at 25, and only 18% of top 50 coins are outperfroming BTC.

在2022年，以太坊在一个多个月的时间内跃升了121％，这引发了一个主要的Altcoin赛季。当时，前50个硬币中有75％的比特币优于比特币，而Altcoin季节指数达到96。但是，目前，AltCoin季节指数仅为25，而前50个硬币中只有18％的股份超过了BTC。

A full altcoin season may still be a few weeks away, but its not confirmed yet. Bitcoin Dominance has dropped to 63% as of writing.

完整的Altcoin赛季可能还要几个星期，但尚未确认。撰写本文时，比特币优势下降到63％。

Will Markets Stablilise?

市场会稳定吗？

Some analysts claim that the drop in Bitcoin dominance does not guarantee an altcoin season. Investors might shift to Bitcoin if volatility kicks in again due to the ongoing macro uncertainties. Instead, with both bitcoin and altcoins having strong reasons to stay, the market could stabilize rather than shift dramatically.

一些分析人士声称，比特币优势下降并不能保证山寨币季节。如果由于持续的宏观不确定性再次开始，投资者可能会转向比特币。取而代之的是，由于比特币和山寨币都有强大的住宿理由，因此市场可以稳定而不是急剧转移。