The bull market is generally divided into the following stages:
1. BTC dominance rises, capital is drawn away from altcoins.
2. ETH surges explosively, hot altcoins rise alongside Ethereum, such as L2, blockchain games, metaverse+, and new public chains.
3. Everything rises, assets double overnight, MEME coins rejoice, shitcoins, altcoins, junk coins, and air coins rise to jaw-dropping levels.
4. Major coins plummet, altcoins crash.