In past trend analysis, it has been observed that altcoins typically exhibit relatively flat performance during the early stages of a cryptocurrency bull market. Specifically, this phenomenon continued until Bitcoin broke through its price top, at which point Ethereum and other altcoins subsequently led the market into a more active phase. It is worth noting that key turning points in altcoin bull markets often occur when BTC prices surpass the all-time high of $69,000.

During the previous bull cycle, the vast majority of altcoins lagged Bitcoin itself in market performance during Bitcoin’s climb in value in late 2020. However, since the beginning of 2021, these altcoins have started to see significant gains. Specifically, from January to May and August to November 2021, the crypto market presented a unique situation of almost only increases but no decreases, and the main gains of altcoins were mainly concentrated in these periods. Through a summary analysis of the performance of altcoins after Bitcoin hit new highs during the last bull market, we can gain a deep understanding of the speed and concentration of its price increases.