Bull markets typically exhibit the following characteristics:
Firstly, the dominance of Bitcoin (BTC) gradually increases, taking a leading position in the market and absorbing funds from altcoins, showing a sustained strong momentum.
Secondly, Ethereum (ETH) takes over the upward trend of BTC and embarks on a rapid ascent, with related hot altcoins rising alongside, such as L2 scaling solutions, blockchain games, metaverse applications, and emerging public chains, all benefiting from the upward trend.
Thirdly, the market enters a stage of widespread bullishness, creating a crazy scene where assets double overnight. The moment for MEME concept coins to shine arrives, and various worthless tokens, altcoins, scam coins, and air coins see their prices skyrocket, with such intensity that it leaves one amazed at the extent of the market's madness and filled with doubts.
