The current market has entered a phase of rotation among the leading altcoins, marking the beginning of the altcoin season. In every bull market, we observe several stages:
The first stage sees massive capital flowing into Bitcoin, initiating the bull market, while Ethereum and altcoins generally lag behind Bitcoin.
The second stage occurs when Bitcoin reaches a relative peak, hitting a strong resistance level that could signify a top in market share, after which Ethereum leads the mainstream coins in a counterattack.
The third stage sees the leading altcoins in various sectors start to surge.
The fourth stage is characterized by a frenzy among altcoins, where it’s common to see coins doubling or tripling in value each day. The trading sentiment peaks, followed by a market crash amid widespread panic.
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