Flow of money moves into Bitcoin causing price surges.
Money flows into Ethereum but it struggles to keep up with Bitcoin. Ethereum goes back and forth with Bitcoin and starts outperforming it. Eventually, ETHBTC bottoms and BTC.D tops.
Ethereum is outperforming Bitcoin and we hear talks of the flippening.
Money is starting to trickle into large caps where we see large buy ups happening.
Ethereum has been outperforming Bitcoin and large caps are going parabolic.
Regardless of market cap, some altcoins with strong fundamentals are having pumps.
Large caps have gone full vertical and we're seeing blow off tops. Mid caps, low caps, micro caps all tend to pump around the same time. Large caps have been outperforming Bitcoin and Ethereum. It seems every coin is going parabolic regardless of fundamentals. Memes are everywhere, everyone is super excited, Mania is in the air.
Excessive speculation and euphoria peak. Exhaustion sets in as buying volume decreases. Some coins begin to correct sharply.
Prices across all cryptocurrencies decline. Momentum shifts to the downside, with fading volume and interest. Capital exits the market, volatility and sentiment deteriorate, and many investors are left holding depreciating assets.