Currently, the market has entered a stage of rotating rises for various altcoin leaders, which can be said to be the beginning of the altcoin season. In every bull market, we see several stages:
The first stage sees a massive influx of funds into Bitcoin, marking the initial onset of the bull market, while Ethereum and altcoins are always weaker than Bitcoin.
The second stage occurs when Bitcoin reaches a relative high point, and the market share of Bitcoin hits a strong resistance level that could potentially be a peak, followed by Ethereum leading mainstream coins in a counterattack.
The third stage sees various altcoin leaders begin to lead the rise.
The fourth stage is characterized by altcoins starting to surge wildly, with daily occurrences of coins doubling or tripling in value, leading to a peak in trading sentiment among people, and eventually ending the bull market in a state of panic.
When Bitcoin rises to a relative high point, people's trading interest in Bitcoin diminishes, and funds then flow into Ethereum and some mainstream coins. Once these coins reach a relative high point, funds will flow into other altcoins. Due to their smaller market capitalization, we can observe that a portion of capital inflow can lead to several times growth.
