The cryptocurrency bull market has four stages! What stage are we in now? How do you seize the opportunity?

Editor's note: The cryptocurrency market goes through four stages: rebirth, excitement, euphoria, and rupture. The first stage is bear market fatigue, where the market rebounds but most people don't notice. In the second stage, the market gradually warms up, but there is still general disbelief in the Bull Market. In the third stage, prices rise, market sentiment is high, but speculators have not yet flooded in. In the fourth stage, the market becomes frenzied, with speculators and big companies entering, and a bubble begins to form. It is recommended to focus on your own strategy, avoid blindly following the trend, enjoy this short period of prosperity, and be prepared for future changes.

The following is the original content (for the convenience of reading comprehension, the original content has been edited):

The bull market is divided into four stages, welcome to stage 3

Fasten your seat belt, we have just entered the most exciting phase.

Phase 1: Rebirth

Looking back, the first stage is 'rebirth', which occurred from January 2023 to January 2024. During the 'rebirth' stage, the market was generally filled with a sense of fatigue in the Bear Market, and indifference dissipated all narratives. Your fren and the media are still following the collapse of the Bear Market, and the wave of layoffs continues.

Image source: Blockbeats

However, the price quietly rose, and BTC tripled. But you hardly noticed because the overall is still in a loss. Only senior encryption users who have experienced more than two cycles are aware that the Bull Market has begun, and most people still do not believe this is the Bull Market.

Phase 2: Excitement

This phase began in February 2024 and ended last week. Some cryptocurrencies approached historical highs, and the market narrative returned, despite only a few each quarter. Everyone in the encryption industry understands that we have entered the Bull Market.

But it's strange that your frens still haven't messaged you.

Image source: Blockbeats

You are wavering between excitement and anxiety, most of the layoffs have ended, but recruitment has not yet restarted. The entire industry seems closed: no one is leaving, and no new people are joining. Overall, life is good, and your encryption partners are all making profits. This is the calm before the storm.

Phase 3: Ecstasy

We are now in this stage, and the frenzy officially began with the presidential election on November 5th. Everyone is making money, but speculators have not yet flocked in. Enjoy this moment because it will be fleeting.

Image source: Blockbeats

The assets you hold are about to reach a historic high (if they haven't already). In the past, there were new market narratives every quarter, but now there are new narratives every week. Ultimately, these narratives will be updated daily. There will no longer be narrative fatigue, only a constant stream of 'good' ideas.

Every person with followers has become a 'genius' and has presented a new market narrative. There will always be people making money on popular currencies this week, and undoubtedly they will promote it extensively, which may be frustrating. (But remember, everyone has coins to sell, and no one will publish their losses.)

The new narrative brings new coins, and there will be a coin that rises every day, but most of them you don't hold. Even if your revenue this week is 8%, you will still be annoyed because you missed the [hot new coin]. New coin + new narrative = fear of missing out (FOMO), if you're not careful, FOMO will devour you.

Some suggestions: Understand your investment methods and their pros and cons.

If you trade every day? You should know that your work and mental health will be affected.

If you're building a project? You may miss some big opportunities.

Each method has its pros and cons - understand these.

Don't try to do everything.

Back to the third phase, the private market is about to become hot. It all started with asset allocators. They realized on November 6 that they were too conservative in their investment in Cryptocurrency. They began to contact venture capital and hedge funds, requesting more allocation. These companies will soon announce the establishment of new funds much faster than you expected.

Image source: Blockbeats

Late-stage venture capital has been stagnant for over two years, but now it is making a strong comeback. Large funds and open IPO markets mean that companies in the B to D rounds can raise funds again, and large-scale financing will once again become the norm. Deals in the A round will also be quickly reached, attracting new world-class founders to join.

Image source: Blockbeats

The competition for recruitment has become extremely intense, and the parties will offer highly tempting Token compensation packages to top talents.

If you are a founder, you only have 3 to 6 months (possibly shorter) to recruit the best talent at a reasonable salary, and then you can only keep chasing.

We are once again entering the mainstream vision, Forbes, Bloomberg, CNBC... they are starting to be enthusiastic about Cryptocurrency. Your fren sent you information about Cardano, and your financial advisor suggested allocating 5% of the funds to BTC. TradFi started competing to tokenize various assets. Then, at some point in mid-2025, some strange things started to happen.

Phase 4: Fracture

Fortune 500 announced a large-scale purchase of BTC, and athletes and artists also started to participate - encryption currency has penetrated into culture. Venture capital no longer does due diligence, and speculators raise millions and become the protagonists. Some random currencies rise 10 times within a week.

In the fourth stage, everyone begins to believe that the market will always rise, and the illusion permeates decision-making. This stage can also be called "crazy," and everything becomes no longer reasonable. Once there were new market narratives every week, now everything has become a huge narrative.

You have more money than you ever imagined. Your high school classmate has launched a Token, and his net worth has reached several thousand k. An old player has acquired a sports team. Justin Bieber has launched a decentralized social platform. LeBron James has launched a meme coin, and companies are spending billions of dollars on marketing.

Image source: Blockbeats

So buckle up, the next 12 months are going to be crazy. For those who are focused, 2025 could be life-changing. But if not careful, the arrogance and laziness of phase 4 will bring serious consequences. Finally, remember to stop and enjoy it all occasionally. Now, let's get started.

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【Disclaimer】The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

This article is reproduced with permission from: 'Rhythm Blockbeats'

Original Author: Zhouzhou

"There are four stages in the encryption currency bull market! What stage are we in now? How do you seize the opportunity?" This article was first published in "encryption city".