Take a quick look at the four cycle attributes of the bull market and determine which stage it is now
Bitcoin experienced a bloody day and night, the price fell from the lowest of 41,000 U.S. dollars to the 30,000 U.S. dollar mark, the first time in history to experience a 10,000-dollar plunge, and yesterday's decline was the second largest decline since the decline on Black Thursday in March 2020.
Many people are asking whether the bull market is still there? Where is the current market? Is it the beginning of the cow, or the late cow? Twitter @ SecretsOfCrypto netizen po posted a picture. Let’s take a look at the evolution of the bull market in various cycles.
Image source (Twitter @SecretsOfCrypto)
Phase 1: Bitcoin
-A huge amount of funds flowed into Bitcoin, and the price skyrocketed.
-At the same time, funds will also flow into Ethereum, but it is only a "little follower" of Bitcoin
-The trend of ETH is beginning to grow stronger, going hand in hand with BTC.
Phase 2: Ethereum
-The price of ETH has increased more than Bitcoin, and "Flippen" is often heard (that is, Ethereum will surpass Bitcoin).
-At the same time, funds are slowly flowing into mainstream currencies.
Phase 3: Mainstream currency
-The price trend of ETH has surpassed that of Bitcoin, and the trend of mainstream currencies is rising exponentially.
-At the same time, altcoins began to explode.
Phase 4: Altcoins
-Mainstream currencies have risen vertically, and the top cannot be seen.
-Various market capitalization currencies exploded at the same time.
-Mainstream currencies rose more than Bitcoin and Ethereum.
-All currencies broke out.
-Everyone is very excited and can feel the frenetic atmosphere in the air.
Conclusion, for now, we are almost in the first stage of the bull market, and transitioning back and forth between the first and second stages.