这个加密循环感觉不同 - 它可能不会遵循旧规则

现在，比特币占有近60％的加密市政上限，确实认为，到2026 - 27年，它可能达到40万美元 - 60万美元。

Popular crypto analyst Michael van de Poppe recently shared a thought-provoking take on the current crypto cycle, suggesting it might be different and last longer than many anticipate.

流行的加密分析师迈克尔·范·德·波普（Michael Van de Poppe）最近在当前的加密周期中分享了发人深省的观点，这表明它可能有所不同，并且持续时间比许多人预期的时间更长。

This time, the narrative is unfolding in an interesting way with Bitcoin’s price now hitting $112k and claiming nearly 60% of the crypto market cap.

这次，叙述以一种有趣的方式展开，比特币的价格现在达到112,000美元，并声称近60％的加密货币市场上限。

As institutions are joining the space with spot Bitcoin ETFs and interest from government leaders, the stage is being set for something much bigger.

随着机构与现货比特币ETF一起加入该空间和政府领导人的兴趣，该阶段正处于更大的范围内。

However, despite this, does this mean that the bull market will be coming to an end any time soon?

但是，尽管如此，这是否意味着牛市很快就会结束？

According to the analysis, this time it’s not just retail traders who are pushing the market.

根据分析，这次不仅是零售商人推动市场。

Those who have been following the crypto market closely know that typically, Bitcoin goes on a strong run, paving the way for altcoins to rally later. Afterwards, everything experiences a downturn before starting a new cycle.

那些一直关注加密货币市场的人非常知道，通常情况下，比特币进行了强劲的运行，为AltCoins稍后集会铺平了道路。之后，在开始新的周期之前，一切都经历了低迷。

But this time, the usual rhythm seems to be off.

但是这次，通常的节奏似乎已经消失了。

In the last 18 months, Bitcoin has been consistently breaking new highs and growing in strength, while everything else follows in its wake.

在过去的18个月中，比特币一直在打破新的高点并增长的力量，而其他一切都在其后面。

At the moment, Bitcoin is now at around 60% of the total crypto market cap, a number we haven’t seen in a while, which would usually indicate that Bitcoin’s uptrend might slow down.

目前，比特币现在约占总加密市值的60％，这一数字已经有一段时间了，这通常表明比特币的上升趋势可能会减慢。

However, this time, it’s not just retail traders who are behind the push; it’s also big players, who are now making significant moves in the crypto market.

但是，这次，不仅仅是零售商人推动的幕后推销者。这也是大型球员，他们现在正在加密货币市场采取重大行动。

From interest from government leaders to spot Bitcoin ETFs, the stage is being set for something much bigger.

从政府领导者到发现比特币ETF的兴趣，阶段正在为更大的事情设定。

Institutions are now entering the market in a big way, prepared to invest in the long term, rather than just making risky short-term bets.

机构现在正在大量进入市场，准备长期投资，而不仅仅是进行危险的短期下注。

As Matthew Kimmell from CoinShares points out, usually, Bitcoin gains strength in early recoveries, and traders tend to cool down on Bitcoin to chase riskier coins. But today, things feel more stable and the broader market is also recovering.

正如Coinshares的Matthew Kimmell所指出的那样，通常，比特币在早期康复中获得了强度，而交易员倾向于在比特币上冷却以追逐风险的硬币。但是今天，情况感觉更加稳定，更广泛的市场也正在恢复。

This is a new dynamic that is unfolding as institutions are making a substantial impact on the market.

这是一种新的动态，它正在发展，因为机构正在对市场产生重大影响。

But what does this new world of finance hold for Bitcoin and altcoins in the coming years?

但是，在未来几年中，比特币和山寨币的新金融世界有什么影响？

Well, according to the analysis by crypto analyst Michael van de Poppe, we might need to start thinking differently about the current bull cycle.

好吧，根据加密分析师Michael Van de Poppe的分析，我们可能需要开始对当前的牛周期进行不同的思考。

Instead of assuming it will peak in 2025, like many out there believe, we might be looking at 2026 or 2027. And by that time, he says, he can see Bitcoin reaching $400,000 to $600,000.

与其假设它将在2025年达到顶峰，就像许多人认为一样，我们可能会看2026或2027。

But that’s not all—he thinks altcoins will fly even higher from there.

但这还不是全部 - 他认为Altcoins从那里起着甚至更高的飞行。

If this extended cycle plays out like he anticipates, then we could see some serious gains for altcoins.

如果这个扩展的周期像他预期的那样表现出色，那么我们可以看到山寨币的一些严重收益。

With more real-world use cases and better infrastructure being built every day, and investor interest increasing, coins other than BTC might finally have their breakout moment to reach triple or quadruple digits.

每天都有更多现实世界中的用例和更好的基础设施，而投资者的兴趣增加，BTC以外的其他硬币最终可能会有其突破性的时刻来达到三倍或四倍数字。

But it’s not just about the technical analysis.

但这不仅与技术分析有关。

The analyst is also urging investors to approach the market with an open mind and to be prepared for anything.

分析师还敦促投资者开放的心态，并为任何事情做好准备。

In the last two years, we’ve seen some incredible moves in the crypto market, and we can expect to see even more volatility and surprises in the years to come.

在过去的两年中，我们在加密市场中看到了一些令人难以置信的举动，我们可以期望在未来几年看到更多的波动和惊喜。

As the market becomes increasingly interconnected, it’s more important than ever to be able to see the bigger picture and to adapt to changing conditions.

随着市场变得越来越互连，能够看到更大的情况并适应不断变化的条件比以往任何时候都重要。

Only time will tell if this extended cycle plays out like the analyst anticipates, but one thing is for sure: the journey will be interesting, to say the least.

只有时间才能说明这个扩展周期是否像分析师预期的那样进行，但是可以肯定的是：至少可以说，旅程会很有趣。