Understanding market cycles is crucial for making informed decisions. Analysis shows that past cycles (Phases 1 and 2) displayed a sharp surge followed by peak valuations. However, the current phase (3) exhibits a gradually flattening trendline, suggesting a longer cycle. This is attributed to factors like the arrival of spot ETFs and the growing adoption of Bitcoin by institutions and nations. Additionally, whenever capital flows into altcoins, market momentum often stalls – a recurring pattern witnessed several times before. This time around, however, we are witnessing signs of capital gradually moving towards altcoins. Moreover, with an anticipated rate cut in September and potential approval of spot ETFs for altcoins in October, fall and winter 2025 look poised for positive market growth after the current consolidation phase. From a cycle perspective, corrections could offer attractive buying opportunities.