为什么这个比特币市场有所不同，因为Altcoins落后于比特币价格

加密公司Matrixport已经深入了解了为什么这个牛市与2021年的牛市不同。他们的分析更加阐明了山寨币为何落后

Crypto firm Matrixport has delivered insights into why this bull market is different from the 2021 bull run as it continues to unfold. Their analysis sheds more light on why altcoins are lagging despite the Bitcoin (BTC) price rally to a new all-time high (ATH).

加密公司Matrixport已经深入了解了为什么这种牛市与2021年的牛市不断发展。尽管比特币（BTC）的价格集会达到了新的历史最高（ATH），但他们的分析表明了为什么Altcoins落后于为什么Altcoins落后。

As reported by Matrixport in a recent X post, many traders are missing out on the current Bitcoin price rally as traditional retail engagement indicators remain low despite the rally to a new ATH. The firm explained that this rally is happening thanks to institutional investors, with retail investors on the sidelines in this bull market.

正如Matrixport在最近的X帖子中报道的那样，许多交易者在当前的比特币价格集会上错过了，尽管传统的零售参与指标仍然较低，尽管集会到新的ATH。该公司解释说，由于机构投资者，这次集会正在发生，散户投资者在这个牛市的场外。

“Perhaps this explains the subdued funding rates, low retail activity and many altcoins lagging as Bitcoin price rallies in this bull market. Retail traders also make the fundamental mistake of not anticipating market corrections, leading them to sometimes close their positions during sharp drawdowns,” Matrixport added.

“也许这解释了在这个牛市的比特币价格集会，零售价滞后的筹资率，低零售活动和许多山寨币滞后。零售交易员还犯了一个根本的错误，即不预料到市场纠正，导致他们有时在急剧下降期间关闭其位置，” Matrixport补充说。

This bull market also differs from 2021 in that retail’s share of Bitcoin ownership is no longer expanding. Crypto whales have stepped in and are absorbing most of the flagship crypto’s supply, kicking retail investors to the curb. As Bloomberg analyst Eric Balchunas pointed out, this could explain why the Bitcoin price has held up well during major corrections.

这个牛市在零售比特币所有权的份额中也不同于2021年，不再扩大。加密鲸已经介入并吸收了大多数旗舰加密货币的供应，将零售投资者踢到路边。正如彭博分析师埃里克·巴尔库纳斯（Eric Balchunas）指出的那样，这可以解释为什么比特币价格在重大纠正期间表现良好。

According to Matrixport, understanding how corporate demand influences the Bitcoin price behavior and how long this trend is likely to last will be crucial as the shift in this bull market progresses. The absence of retail traders in this cycle explains why funding rates and trading volumes are relatively low, with altcoins lagging.

根据Matrixport的说法，了解公司需求如何影响比特币价格行为以及这种趋势可能持续多长时间将是至关重要的，这是随着牛市的发展而发展。在此周期中，零售商人的缺席解释了为什么资金率和交易量相对较低，而山寨币滞后。

The firm noted that market participants are witnessing a quiet transfer of Bitcoin from early adopters and investors, miners, and exchanges to corporations like Strategy and institutional investors like BlackRock. Matrixport again asserted that the current Bitcoin price rally is driven by spot market accumulation and not derivatives activity, which could explain why altcoins are lagging behind BTC.

该公司指出，市场参与者正在见证比特币从早期采用者，投资者，矿工和交易所转移到战略和诸如BlackRock等机构投资者之类的公司。 Matrixport再次断言，当前的比特币价格集会是由现货市场积累而不是衍生品活动驱动的，这可以解释为什么AltCoins落后于BTC。

In a separate X post, crypto analyst Kevin Capital stated that the next important step is for the Bitcoin price to record a weekly close above $106,800 and then follow through or consolidate next week.

加密分析师凯文资本（Kevin Capital）在单独的X帖子中表示，下一个重要的步骤是，比特币价格每周都在106,800美元以上的收盘价记录，然后在下周遵循或巩固。

“BTC is really the only thing that matters. Take your eyes off the altcoins,” the analyst wrote in part.

这位分析师部分地写道：“ BTC确实是唯一重要的事情。将您的视线从Altcoins身上移开。”

If the Bitcoin price fails to accomplish that goal, then participants can turn their attention to the reverse psychology 2021 fractals, the analyst added. It is worth mentioning that the analyst predicted that altcoins led by Dogecoin will still have their run once BTC’s dominance cools off in the summer.

分析师补充说，如果比特币价格无法实现该目标，那么参与者可以将注意力转向反向心理学2021分形。值得一提的是，分析师预测，一旦BTC的统治地位在夏天降温后，由Dogecoin领导的Altcoins仍将进行跑步。

At the time of writing, the Bitcoin price is trading at around $108,258, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

根据CoinMarketCap的数据，在写作时，比特币价格的交易价格约为108,258美元，在过去24小时内下降了近2％。