When will the bull market end? Let me tell you, when this situation occurs, it will end.

Phase One: Bitcoin leads the rise, public chains follow, then Bitcoin experiences phase-specific fluctuations.

Phase Two: Public chains lead the rise, Bitcoin follows.

Phase Three: Bitcoin and public chains are in a high horizontal consolidation, altcoins start to surge.

Then the bull market ends, and the bear market arrives; we are currently still in Phase One.

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