The previous bull market can be roughly divided into several stages:
1. BTC dominance rises, altcoins suffer, BTC remains strong.
2. ETH takes over and skyrockets, with hot altcoins rising alongside Ethereum, such as L2, blockchain games, metaverse+, new public chains, and other sectors.
3. All coins rise, scenarios where assets double after a nap, MEME performance season, meme coins flying everywhere, various altcoins, low-quality coins, and air tokens rise to make you question life. Various wealth myths, more than small ads, FOMO reaches its peak.
4. Total collapse, mainstream coins experience significant retracement, and altcoins plummet.
However, starting from this bull market, the fundamentals have changed, so it probably won't rotate like this again.
The script for the first stage is the same, but starting from the second stage, ETH will not skyrocket all the way, it will continue to oscillate until this bull market ends, and it may not be able to break the new high of 5000, while the funds rotating down from BTC will not return to altcoins, but will flow back into U.S. stocks and some projects backed by Wall Street and U.S. capital, repeating this cycle.
