At the beginning of a bull market, the market often exhibits the following characteristics:

Significant BTC Leading Effect: When Bitcoin rallies, a large amount of market funds flow into BTC, causing altcoins to be drained and perform relatively weakly.

BTC Adjustments Make Altcoins More Vulnerable: Once Bitcoin experiences a pullback, altcoins typically plummet as well, rapidly amplifying market risk.

New Concept Coins Emerge: During this phase, only those new coins with independent logic or trending concepts are likely to develop independent market movements.