The three stages of the bull market:

Bitcoin breaking the previous high is the first stage of the bull market;

Bitcoin sucking blood and rushing up, Ethereum breaking the previous high is the second stage of the bull market;

Ether leading the demons to dance wildly, Bitcoin reaching the top is the third stage of the bull market.

Now is the middle and late stage of the second stage, the air needs to be refueled, and then Bitcoin will drag Ethereum to break the previous high.

Bitcoin is the king, and it also needs to be carried by the minions, unless there is no next round. Only after the second stage, the market share of Bitcoin will decline, indicating that there are incremental leeks and funds entering the market, and the currency circle can continue the next cycle. The bottom is this basic logic.

Based on this basic logic, the following useful conclusion can be drawn: if the market share is still in the rising channel, there is no saying that Bitcoin has reached the top, and it will always be broken by the high point behind. #交易所BTC储备量创2018年以来新低