@corneliusalcott
At the start of a bull cycle, capital typically flows first into Bitcoin and Ethereum, as investors seek safety in liquidity and established narratives. Once confidence builds, funds rotate into large-cap altcoins, especially Layer-1s and Layer-2s. Later, speculative capital moves into DeFi, NFTs, and smaller experimental tokens. Early bull phases are thus characterized by blue-chip dominance, while risk appetite gradually spreads. Tracking on-chain flows and exchange volumes reveals these sectoral rotations in real time.
0 reply
0 recast
0 reaction