The bull market cycle in the crypto market shows a phased liquidity characteristic, which can be used to assess market enthusiasm, but the end time of the bull market is difficult to predict accurately:
Bull Market Cycle Four Stages
First Stage: New funds first flow into Bitcoin, driving up its price and establishing the market tone.
Second Stage: After the Bitcoin rally begins, funds shift to large altcoins such as ETH and SOL, leading to a decline in Bitcoin's dominant position.
Third Stage: Investors turn to mid-cap and popular speculative tokens in pursuit of high returns, resulting in increased market volatility and speculative sentiment.
Fourth Stage: Meme coins become the focus (such as DOGE and SHIB), with prices driven by sentiment; their peak popularity often indicates the peak of the bull market. Historical data shows that after the total market cap of meme coins fell in October 2021, Bitcoin reached its peak in early November and then declined.
Signals for the End of the Bull Market
In market cycle patterns, the frenzy of meme coins is an important signal, but the crypto market is influenced by multiple factors, and the actual end time needs to be judged comprehensively in conjunction with the macro environment, capital flow, and other factors.