According to the market flow model shared by NekoZ, the altseason unfolds in 4 phases:

▫Phase 1: Bitcoin outperforms the market.

▫Phase 2: Ethereum starts outperforming Bitcoin.

▫Phase 3: Large-cap altcoins go parabolic.

▫Phase 4: Mid, low-cap altcoins & meme coins explode — typically the final stage.

📊 Right now, $ETH is outperforming $BTC — confirming we’ve entered Phase 2.

If you start seeing meme coins and micro caps pumping across the board, that’s your signal we’re likely in Phase 4 — historically the peak and often the precursor to a sharp correction.