In the Cryptocurrency Bull Market, altcoin seasons usually go through the following four stages:

1. BTC Stage: Funds first flow into BTC $BTC, pushing its price to new highs, and market sentiment begins to heat up.
2. High-quality large coin stage: Subsequently, funds flow into high-quality large market value coins such as ETH, SOL, etc., driving their prices to pump, further confirming the bullish sentiment in the market.
3. Strong Altcoin Phase: Next, funds flow into strong altcoins such as YGG, NEAR, FTM, and INJ, which have performed well and shown significant gains. Favourable Information is frequently reported, while Unfavourable Information is ignored or even interpreted as Favourable Information.
4. Small and medium market cap altcoin phase: Finally, funds flow into small and medium market cap altcoins, including SHIB, DOGE, PEPE, BONK, etc., the market enters a full-fledged frenzy state, buying is profitable, Candlestick one stick larger than the next, prices ignore basic technical patterns, all indicators are distorted, analysts will draw even more absurd prediction arrows.
5. Final stage: BTC consolidates at a high level, experiencing fluctuations and drops, while some currencies begin to stagnate or experience significant pullbacks. At the same time, altcoins with very small market capitalization show a rapid bullish line, attracting the attention of new retail investors looking to get on board. This is a signal that the bull market is coming to an end, but most people still stand in the center of the stage, unwilling to accept the final curtain call.