A bull market usually has three classic waves. Currently, Bitcoin and Ethereum have experienced two waves, while altcoins have only one official wave. That is to say, the bull market has only gone through a big wave since it officially started. There are also many currencies that have performed poorly and have not even started the first wave. They usually only have one or two big waves in a bull market.
In terms of the relationship between Bitcoin and altcoins, in the third major bull market in 2017, Bitcoin and altcoins peaked in December, while Ethereum and altcoins peaked one month later. There are also many altcoins that peaked during the famous 94 crash, which was in early September.
In the fourth major bull run of 2021, both Bitcoin and Ethereum peaked in November, a few altcoins peaked in February, and many peaked during the crash in May.
During the second big bull run in 2013, Bitcoin peaked in November. At that time, there was no Ethereum, only Bitcoin and altcoins. Among the altcoins at that time, only Ripple and Litecoin are still alive today.
Regarding the issue of mid-term correction, during the big bull market in 2013, the market was too crazy, causing an 80% collapse in a few days, and altcoins naturally fell sharply as well.
During the big bull market in 2017, Bitcoin pulled back several times, but the maximum was only 40%. The altcoins experienced a big crash at 94, and a 90% drop was normal. Ethereum’s pullback was not that severe. In the big pullback in the second half of 2016, Ethereum fell sharply, not to mention altcoins, which bottomed out in December from the high in June.
In the big bull market of 2021, although Bitcoin and Ethereum did not have a large correction in September 2020 and did not last long, altcoins adjusted for several months, and the adjustment was deep, even when Bitcoin was hitting new highs. The second was the 519 crash. Although it only lasted for more than 2 months, altcoins had a deep correction, and Bitcoin fell more than half. #Binance7thAnniversary
In the big bull market of 2025, Bitcoin and Ethereum did not fall much in mid-2024, while altcoins have already pulled back sharply. History has never changed. In the fourth quarter, the second wave of surge will come again, and then altcoins will make deep adjustments, and many will even peak.
In the first bull market, Bitcoin skyrocketed in one year, and it took two and a half years from its birth to its peak. The second bull market took 2 years and 1 month from bottoming out to peaking. The third bull market took two years and 11 months to bottom out and peak. The fourth bull market was the same as the third. What do you think of the fifth bull market, which is this time?
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