If fully replicated: By the end of December 2020, Bitcoin broke through the previous high of December 2017, and by early January 2021, the price of Bitcoin was already double the high point of the end of 2017, while Ethereum was still less than half of its early 2018 high point. Currently, Bitcoin is 1.5 times the high point of 2021, and Ethereum has reached 70% of the high point of 2021. Looking at it this way, it feels like things have improved a bit.

Regarding the two-year friction of altcoins, this muscle memory won't fade quickly; a shift in thinking takes time. Therefore, in the early stages of the altcoin market, many people are hesitant to expand their perspectives. As soon as there is a hint of wind, profit-taking occurs.

In fact, the early stages of 2021 were somewhat similar, with many times being affected by short-term emotions. The main issue in this bull market is that while Ethereum, the leader of altcoins, will also rise, its performance will definitely not be as strong as in the previous cycle, and most altcoins follow Ethereum. Therefore, the overall explosive power of altcoins in this round remains to be observed.

However, human nature does not change; when the funding situation suggests that Bitcoin is about to reach its limits, funds will flow to places with higher returns!

Bitcoin breaking through previous highs and continuously reaching all-time highs will definitely stimulate the market's emotions, risk appetites will rise, and many market makers will take advantage of the opportunity to take action, with retail investors also starting to FOMO. Thus, most altcoins sitting at the bottom should see a wave of increase, whether the increase is large or small.

Additionally, the first tier of altcoins is likely to appear among the top 50 by market capitalization, all wanting to secure their past low positions, their authority unshakable!

The previous two rounds basically operated this way, and subsequently, small-cap altcoins will gradually start to move!