Looking back at the past market rhythm, the rotation between Bitcoin and altcoins usually consists of four stages: Bitcoin stage, Ethereum stage, mainstream coin stage, and altcoin season. Although this round has seen more liquidity coming from institutions and enterprises, the overall logic is likely to continue past patterns.

Bitcoin Stage

Lasts the longest, funds prioritize inflows to BTC, driving prices and market share to continue rising, almost outpacing the vast majority of altcoins.

Ethereum Stage

The market focus shifts to ETH, whose increase and popularity surpass BTC, driving large altcoins to catch up, while Bitcoin's market share begins to decline.

Mainstream Coin Stage

After ETH rises to a high, funds overflow into the top market cap mainstream coins, concentrating on catch-up gains, benefiting altcoins with fundamental value.

Altcoin Season

Once sentiment is ignited, funds flow into small and medium-cap projects, leading to significant short-term increases, more driven by sentiment, usually lasting 15 to 20 days. If it occurs, it often marks the end of the cycle and is the last opportunity before funds withdraw.

Currently, the market performance is closer to the Ethereum stage.