Reflections on the 2025 Bull Run: Altcoin Momentum Has Changed—Which Way Next?

The biggest anomaly in this 2025 bull run is that when BTC sets a new high, most altcoins fail to keep up and refresh their own peak levels. Instead, their tops remain stuck at March and December 2024, badly out of sync with BTC’s price action.

By contrast, in the 2021 bull run, the market highs for BTC and altcoins essentially occurred around the same time, with a consistent rhythm.

Many veteran players who went through 2021 and fully understood the old playbook used their past experience to heavily position long altcoins in 2025—only to face the vicious market move on October 10, with their positions sharply pulled back, and in some cases even completely clearing out (closing) the positions, suffering a major loss.

A key question now is: In the next bull run, what kind of operating rhythm will altcoins follow?

Will it return to the old route of “BTC leads, altcoins follow, and their highs coincide,” or will it continue the 2025-style new paradigm—topping early, weakening with lag, and diverging downward in a more fragmented way?

How should we plan and position ourselves going forward to proactively avoid these deep traps caused by mismatched trading rhythms? Follow Ding Qing, and let’s discuss a farther and longer path together in the journey of trading.