What stage do you think the crypto world is currently in, according to everyone's understanding?

A classic bull market has three major waves. Currently, Bitcoin and Ethereum have experienced two waves, while altcoins have officially only seen one wave, meaning the bull market has officially started.
After going through a big wave, there are still many pieces of garbage that haven't started yet. Each bull market typically has only one or two major trends.
The relationship between Bitcoin and altcoins, the third major bull market in 2017, Bitcoin and altcoins peaked in December, Ethereum and altcoin Ethereum.
It peaked a month late. There are many mountains that are famous for the 94 crash and peak, which means it peaked in early September.
The fourth bull market in 2021 saw Bitcoin and Ethereum peak in November, while a few altcoins peaked in February, and many crashed in May.
It has peaked.
In the second big bull market in 2013, Bitcoin peaked in November, when there was no Ethereum, only Bitcoin and copycat Bitcoin, at that time
Only Ripple+ and Litecoin+ are still alive among the clones today.
Regarding the issue of mid-term corrections, during the big bull market in 2013, there was a period where things got too crazy, leading to an 80% crash in a few days, and altcoins were definitely affected.
I am also going back to my grandmother's house.
In the big bull market of 2017, Bitcoin retraced several times, with the largest being only 40%. The crash in 94 was a major collapse, with a 90% drop being quite normal. Ethereum
The callback that time wasn't severe either. During the major pullback in the second half of 2016, Ethereum experienced a deep drop, and altcoins were even worse, from the June peak to
The bottom will be seen in December.
In the bull market of 2021, although Bitcoin and Ethereum did not have a significant pullback in September 2020 and their duration was not long, altcoins adjusted for several months with depth.
Adjustments are still being made as Bitcoin continues to reach new highs. Once again, there was the crash on May 19th+, although it only retraced for a little over 2 months, the altcoins...
Another deep correction, Bitcoin has more than just halved.
In the bull market of 2025, the decline of Bitcoin and Ethereum in mid-2024 is not deep, and altcoins have already undergone a significant correction. History has never changed; it will rise again in the fourth quarter.
The second wave will surge significantly, and then the altcoins will undergo a deep adjustment, with many reaching their peaks.
The first bull market saw Bitcoin soar in a year, from its birth to its peak in two and a half years. The second bull market took 2 years and 1 month from the bottom to the peak. The third
The bottom and top of the next bull market lasted two years and eleven months, the fourth bull market is the same as the third, for the fifth bull market, how long do you think this time?