Analysis summary of the current bull run alt season

1. Current Market Stage Assessment

The current market is in the second round phase, with Bitcoin taking the lead, and from June, the focus shifts to Ethereum. According to past patterns, in the third phase, large-cap valuable altcoins will show signs of activity, and only in the final phase will nameless altcoins surge (the prelude to a bubble collapse). Currently, we have not yet entered the third phase of a general rise in altcoins.

2. Alt Season Logic and Opportunities

(1) Capital migration path

ETH's market share is increasing, and whales may subsequently turn to more cost-effective large-cap altcoins. Currently, Ethereum is favored by capital (with an average daily inflow of about 400 million USD from ETFs and continuous buying from crypto treasuries). Once related institutions "buy enough" or feel ETH is too expensive, capital will flow to promising large-cap alts.

(2) Alt season catalysts and directions

1. Altcoin ETF: Results may come out in October. If the alt season starts, this batch of ETFs will be a key catalyst. Attention can be paid to the list of altcoins expected to pass the ETF, with the potential for doubling.
2. Crypto consortium reserves: Some crypto consortiums have laid out altcoins (such as sui, doge, etc.), like the IP tokens that have been launched by Grayscale Trust and secured $260 million in financing, which have potential for support layout.

3. Conclusion

Alt season is an inevitable stage in the crypto world. Although there has been "cursing and hoping" in the past (high volatility, bubbles but also super high returns), this round has not yet fully started. We can keep a close eye on the progress of altcoin ETFs and the layouts of crypto consortiums. Altcoins with large market caps and fundamental support (such as reliance on sectors, institutional reserves) may present opportunities. Moreover, the current market correction does not indicate the end of the trend; we can look to accumulate potential altcoins at lower prices.