#山寨季何时到来？ #ETH市场新动向

Currently, we have entered the stage of rising trends for various altcoin sectors, which can be said to be the beginning of the altcoin season.

In every bull market, we see several phases:

Phase one sees a large influx of funds into Bitcoin, initiating the bull market. Ethereum and altcoins always lag behind Bitcoin.

Phase two occurs when Bitcoin reaches a relatively high point, with its market share hitting a strong resistance level that could potentially be the peak, after which Ethereum leads the mainstream coins in a counterattack.

Phase three sees the leading altcoins in various sectors begin to surge.

Phase four is characterized by a frenzy among altcoins, where we see daily instances of coins doubling or tripling in value. People’s trading sentiment reaches a climax, followed by a panic that signals the end of the bull market.

When Bitcoin reaches a relatively high point, people’s interest in trading Bitcoin diminishes, and funds flow into Ethereum and some mainstream coins. Once these coins peak, funds will flow into other altcoins. Due to their smaller market caps, we can observe that a portion of fund inflow can lead to several times growth.

Finally, when Bitcoin's market cap drops to about half of the peak market cap of this bull market, the bull market ends and enters a bear market. After Bitcoin drops around 70%, the main players begin accumulating at the bottom, waiting for the accumulation to finish before starting to rally, entering a new round of the bull market, and so forth.

Comparing with the current market, which phase do you think we are in now?