Four years in the crypto world, one cycle, five stages

Stage One: Market Hits Bottom and Rebounds (April of this year touched 75000) BTC finally starts to rise steadily when retail investors expect it to drop even lower.

Stage Two: Market Grows Amid Doubts (Currently) BTC finally breaks through the consolidation zone, the bears are continuously washed out, low market cap and low liquidity altcoins are rapidly lifted, on-chain transactions show numerous profit opportunities, projects with strong fundamentals are sought after (sui bonk xrp aave)

Stage Three: Market Begins FOMO (Weeks to Months Later) BTC breaks through the market psychological price level, altcoins experience stagnation or even decline, BTC continues to break previous highs at a pace beyond people's imagination. Then, funds flow back into altcoins, leading a surge of numerous altcoins. The market is extremely optimistic about certain narrative top projects, with excellent token design, strong flywheel effects, and rapidly growing on-chain data seeing the most exaggerated price increases.

Stage Four: Market Peak Period, even the vegetable-selling aunties are recommending coin types to you, the whole population is crazily discussing good opportunities in the crypto world, a large amount of capital begins to flow into simple logic MEME projects and extremely marketed low-quality projects. Cherish this stage which lasts very briefly, as it is also the best time to unload your altcoins.

Stage Five: Market Crash, wealth is once again transferred, and blockchain is deemed a scam!

What stage do you think we are currently in???