Bull Cycles: Don't Just Focus on Majors

When analyzing bull cycles in cryptocurrencies, a key concept is to look at the underlying beta for outperformance. The rising tide of liquidity can lift all ships, affecting risk in the overall sector. This was discussed by MKT_TRADE on TradingView, who highlighted how Ethereum (ETHUSD) and Bitcoin (BTCUSD) tend to perform well during bull cycles.

However, it's essential to focus on the underlying assets, such as NEARUSD.P and VVVUSD, which can outperform the majors. The explanation for this lies in liquidity, where the rising tide rises all ships, affecting risk across the sector.