This bull market cycle has experienced 4 major upward waves:
1. First wave (January to April 2023): Lasted 4 months, completely breaking away from the bear market.
2. Second wave (mid-October 2023 to mid-March 2024): Lasted 5 months, initiating a mini bull market. Some people seized dozens or even hundreds of times airdrop opportunities through BRC20 and inscriptions. Between February and March, the DePIN and AI Meme trends on SOL brought the first obvious profit window of this cycle.
3. Third wave (mid-October 2024 to present, expected to last until February to April next year): Focus on opportunities in new sectors.
Recently, in conversations with friends, I found that many people are at a loss, with the main reasons including:
1. Shorting BTC: Continuous resistance to positions or liquidation.
2. Full investment in worthless altcoins: Frequent switching leading to multiple stop-losses.
3. Heavy investment in Meme coins: Especially new Meme coins, experiencing multiple 70% cut losses.
