比特币优势降至63.89％，为altcoin季节打开了大门

以太坊（ETH）在过去24小时内增长了13％。 Solana（Sol），Dogecoin（Doge）和Cardano（Ada）上涨了6％以上。

Bitcoin dominance dropped from over 65% to 63.89% in early May 2025, according to TradingView. The decrease occurred soon after Bitcoin crossed $100,000 for the first time since February 3.

根据TradingView的数据，比特币优势从2025年初下降到63.89％。自2月3日以来，比特币首次超过100,000美元后，减少发生了。

The decline in Bitcoin dominance follows its rise to the highest level since January 2021. This shift suggests that capital may be moving from Bitcoin to other cryptocurrencies.

比特币优势的下降是自2021年1月以来的最高水平。这一转变表明，资本可能正在从比特币转移到其他加密货币。

Crypto exchange, CoinMarketCap's Altcoin Season Index also rose, indicating increased interest in altcoins. The index, which tracks how many of the top 100 coins outperformed Bitcoin over the past 90 days, scored 23 on May 5 and 36 on May 9. It excludes stablecoins and tokenized assets like WBTC and stETH.

CoinMarketCap的AltCoin季节指数也增加了加密交易所，表明对山寨币的兴趣增加。该指数跟踪过去90天的前100个硬币中有多少比比特币的表现，在5月5日和36日在5月9日得分23。

A score below 25 signals Bitcoin Season, while a score above 75 marks Altcoin Season. Current levels place the market in a neutral state. In April, the index fell to 12, its lowest point since December. It had previously reached 87, a yearly high.

低于25个信号比特币赛季的得分，而得分超过75分的Altcoin赛季。当前水平将市场置于中立状态。 4月，该指数降至12，这是自12月以来的最低点。它以前达到87，每年高。

The jump to 36 reflects stronger altcoin performance in early May. The index remains below the 75 mark needed to confirm a full altcoin season. However, it shows a shift from the deep Bitcoin-dominated phase in April.

跳到36的跳跃反映了5月初的Altcoin表现更强。该指数仍低于确认完整的AltCoin赛季所需的75分。但是，它显示出4月份以比特币为主阶段的转变。

ETH/BTC Ratio Rises After Hitting 2020 Lows

达到2020年低点后的ETH/BTC比率上升

The ETH/BTC ratio recently touched its lowest level since 2020. This drop demonstrated Ethereum's continued underperformance against Bitcoin over the past year.

ETH/BTC的比率最近触及了自2020年以来的最低水平。这次下降表明以太坊在过去一年中对比特币的表现不佳。

The ratio then bounced, indicating a possible structural rotation in the market. Data from TradingView shows this move occurred around the same time Bitcoin's dominance declined and Ethereum gained nearly 13% in one day.

该比率随后弹跳，表明市场可能发生结构性旋转。来自TradingView的数据显示，此举发生在同一时间比特币的主导地位下降，以太坊在一天之内获得了近13％。

CryptoQuant CEO Ki Young Ju commented on this trend, saying, "Bitcoin Cycle Theory is obsolete." He highlighted changes in how capital moves through the market with statements like, "WETH is being used more than ETH now."

CryptoQuant首席执行官Ki Young Ju评论了这一趋势，他说：“比特币周期理论已经过时。”他强调了资本如何在市场上转移的变化，例如“韦斯现在使用的比现在更多”。

YTD Data Shows Bitcoin Still Leads in 2025

YTD数据显示比特币仍在2025年领先

Bitcoin is up 10% year-to-date (YTD) in 2025, according to blockchain data provider, Messari. Most altcoins remain down. Ethereum has dropped 30% YTD. Other major tokens like Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Shiba Inu (SHIB) are also down over 20%.

根据区块链数据提供商Messari的数据，比特币在2025年逐年增长10％（YTD）。大多数山寨币仍保持下降。以太坊已下降30％。其他主要令牌（例如Dogecoin（Doge），Chainlink（Link），Avalanche（Avax）和Shiba Inu（Shib）（Shib）也下降了20％以上。

XRP is the only top altcoin outperforming Bitcoin this year. It has gained more than 12% YTD. The rest of the altcoin market has yet to recover from earlier losses.

XRP是今年唯一胜过比特币的顶级替代币。它的YTD增长了12％以上。其余的Altcoin市场尚未从早期损失中恢复过来。

However, despite the poor performance over the full year, altcoins have started May with gains. Ethereum's rise, along with Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), shows that capital is returning to altcoins after months of focus on Bitcoin.

但是，尽管全年表现不佳，但Altcoins的启动五月份开始。以太坊的崛起，以及索拉纳（Sol），狗狗（Doge）和卡达诺（ADA）的崛起，表明，经过几个月的专注于比特币，资本正在返回Altcoins。