I am currently observing that many beginners still misunderstand the phases of a crypto bull run.

But it's actually quite logical once you know what to watch for.

Let me walk through it: A real bull run always follows a similar pattern.
First, Bitcoin makes the start – the king of cryptocurrencies breaks out of its resistance levels and draws all the attention.
Institutions jump in, skeptics reconsider their positions, and suddenly everyone is shouting "Bitcoin is unstoppable!"
That’s phase one, and it sets the tone for everything that follows.

Then comes phase two, where Ethereum takes over the party.
While Bitcoin stabilizes, we often see ETH rise by double digits percentage-wise.
Smart contracts, staking rewards – suddenly everyone is talking about it.
Money flows in, and the narratives shift from mere store of value to real utility.
That’s the point where the crypto bull run really gains momentum.

Phase three is exciting: now established altcoins come into play.
Projects like BNB (currently around $648), Solana ($89.46), and Cardano ($0.27) start moving.
Newcomers return, hoping for solid double-digit gains.
Mainstream media start talking about "altcoin season," and suddenly everyone is chasing the next big performer.

Then comes phase four – and things get wild.
Low-cap coins experience explosive growth, 10x, 50x, sometimes even more.
The market becomes euphoric, everyone pumps, and it feels like it will go on forever.
But we have to be honest here: this is also the point where experienced traders start selling because they know the end is near.

Where are we currently?
The market indicates that we are in phases two to three.
Bitcoin has stabilized (currently around $80.95K), Ethereum shows movement ($2.33K), and high-cap altcoins are gaining importance.
This is actually the perfect moment to rethink your strategy.

My tip: In the early phases of the bull run, focus on BTC and ETH – they offer solid, risk-adjusted returns.
When you’re in phase three, switch to top altcoins with real utility and good fundamentals.
And in phase four? Only small positions in speculative coins, if at all.
The risk is simply too high.

The most important thing: Timing is everything.
You need to recognize the peak and exit before it’s too late.
Many make the mistake of staying too long in speculative assets and then losing everything again.
Stay disciplined, watch capital flows, and remember – this crypto bull run could be different than ever before.
With the right planning and timely rotations, you can maximize gains and keep your risk under control.
That’s the game.