The familiar altcoin bull market is about to arrive, as $sol broke through 245 today, only 15 dollars away from its all-time high (ATH). It can be said that the gates for a new round of super altcoin bull market are about to open.

The reason I say the hallmark of this round of altcoin bull market is the new high of sol is because, in past bull market cycles, the new high of Ethereum served as the dividing line.

Looking back at the market performance during the early phase of the 2021 DeFi summer, everyone was engaged in on-chain PvP, with new 'golden dogs' emerging on-chain every day. Those who did not participate in on-chain activities basically missed out on the market dividends, which led to continuous outflows of CEX funds.

The true widespread increase in that altcoin bull market occurred after Ethereum broke through the previous high of 1400 dollars, as on-chain players realized that most of their ETH had been scammed after various PvP encounters.

Meanwhile, the price of ETH kept rising, and the transaction friction costs increased as well, causing on-chain enthusiasm to gradually decline. Large funds began to return to CEX, and Ethereum rose more than three times based on its previous high of 1400, reaching the peak of the last bull market at 4867, with the market capitalization of various altcoins expanding by more than ten times.

Therefore, when the main trading currency for retail investors in a bull market reaches a new high, it marks the true beginning of the altcoin bull market. Without a doubt, the main trading currency for retail investors in this round of market is $sol.

Thus, once sol reaches a new high, it means that large funds will soon flow back to CEX. Previously locked in Bitcoin and off-exchange funds will also enter the market. With the leverage effect, various altcoins will experience a true super bull market. The timing for this is already very close.