Bull market review:

First round of bull market: The main hot spots include inscriptions, AI, MEME, and local hot spots such as DEPIN, RWA, re-staking and modularization. The mainstream currency market performed well.

Second round of bull market: Bitcoin and its altcoins performed strongly.

Third round of bull market: Bitcoin altcoins dominated by Bitcoin and anonymous coins, and public chain hot spots led by Ethereum.

Fourth round of bull market: DEFI and Metaverse are the main hot spots, and new public chains are also concerned.

Current bull market analysis:

Main hot spots: Bitcoin ecological inscription runes and artificial intelligence.

Local hot spots: New MEME, DEPIN, etc.

Summary: A bull market usually has two main hot spots. The main hot spots this time are Bitcoin ecological inscription runes and artificial intelligence, and others such as new MEME and DEPIN are local small hot spots. During the first wave, the performance of new coins was mainly concentrated in the hot concept, and non-hot new coins performed generally.