When the market enters another upward cycle, one very practical question comes back:
BTC, ETH, SOL, DOGE, HYPE… what should you actually buy?
The original author recently shared a personal framework for categorizing assets during a crypto bull market: BTC serves as the core allocation, while ETH, SOL, BNB, HYPE, ZEC, and other relatively strong assets are also worth watching. A small portion of the portfolio is reserved for exploring new opportunities.
The original post was published on September 4. Its key message is not simply to “be bullish on every coin,” but rather:
What truly matters in a bull market is not buying more assets, but understanding the difference between core assets, high-beta assets, and high-risk opportunities.
This is also one of the most easily overlooked issues during a bull market.
The stronger the market becomes, the more choices investors have. But more choices do not necessarily mean lower risk.
Why Does BTC Remain a Core Asset to Watch?
The original author gives BTC the highest allocation priority.
The reasoning is relatively straightforward.
BTC remains one of the most important indicators of liquidity and risk appetite across the entire crypto market. When new capital enters crypto, BTC is often among the first assets considered by institutions and large investors.
Once BTC establishes a stable trend, capital may gradually rotate into other parts of the market:
BTC → Major assets such as ETH and SOL → Small- and mid-cap tokens → Memecoins and emerging narratives
Therefore, instead of only asking, “What is the next 10x coin?”, a more important question may be:
Can BTC continue to sustain positive market momentum and attract new capital inflows?
Users can check the real-time performance of BTC, ETH, and other crypto assets through the KTX Market.
Why Does Asset Differentiation Become More Important as the Bull Market Progresses?
The original post also lists ETH, SOL, BNB, HYPE, and ZEC as assets worth watching, while XRP, DOGE, SUI, UNI, AAVE, and others are categorized as assets with stronger upside potential and higher price elasticity.
The biggest value of this classification is not that it tells investors exactly which coin to buy.
Instead, it highlights one important point:
Different assets play different roles in a portfolio.
BTC tends to function as a core market asset. Major blockchain ecosystems such as ETH and SOL generally have stronger ecosystem fundamentals and higher beta exposure. Meanwhile, memecoins, new projects, and certain small- and mid-cap assets can carry significantly greater volatility and risk.
A common pattern during bull markets is:
BTC may rise 10%, while some altcoins may gain 30% or even more.
However, when the market reverses, that same price elasticity can amplify losses on the downside.
Therefore:
Higher upside potential ≠ Better risk-adjusted returns.
Why Could FOMO Be One of the Biggest Risks in a Bull Market?
One point from the original post deserves particular attention:
“The best entry opportunities often appear when an asset is still controversial, while the moment everyone is discussing it may be the time to pay closer attention to risk.”
This is essentially about the relationship between attention and market expectations.
When an asset is still highly controversial, relatively few market participants may be involved. As its price rises and discussions on social media increase, more capital begins to enter.
Eventually, this can create a cycle:
Price rises → More attention → More buyers enter → Price rises further → FOMO intensifies
Memecoins are particularly susceptible to this pattern.
However, once most potential buyers have already entered the market, the amount of new liquidity available may begin to decline.
A bull market therefore does not mean that entry prices and risk management can be ignored.
The hottest moments in the market are often when maintaining discipline becomes the most difficult.
KTX View: How to Evaluate Different Tiers of Crypto Assets
For KTX users, this framework can be simplified into three different tiers.
The first tier consists of core assets such as BTC and ETH.
These assets can be used to assess the overall direction of the crypto market and broader risk appetite.
The second tier includes high-beta assets such as SOL, BNB, HYPE, XRP, DOGE, SUI, UNI, and AAVE.
When market risk appetite improves, these assets may show greater upside potential, but their drawdowns can also be significantly larger.
The third tier consists of new projects and high-volatility narratives.
The defining characteristic of these assets is not that they will necessarily generate higher returns, but that their market pricing can change extremely quickly. As a result, investors need to pay closer attention to trading volume, liquidity, and overall market sentiment.
Through the KTX website, users can explore crypto markets and related trading products available on the platform. New users can also create an account through the KTX registration page.
When participating in the market through perpetual contracts, it is especially important to remember that correctly predicting market direction does not guarantee profitability.
Leverage, margin requirements, funding rates, and short-term price fluctuations can all affect the final outcome. Position sizing and liquidation risk become particularly important when trading highly volatile assets.
What Should Investors Really Watch Next in a Bull Market?
Instead of constantly searching for “the next asset to explode,” there are three key variables worth monitoring.
First, can BTC maintain its trend?
If BTC remains strong while overall market liquidity continues to improve, capital will have a better chance of spreading into other crypto assets.
Second, can altcoins consistently outperform BTC?
If ETH, SOL, and other major crypto assets begin showing sustained relative strength, it may indicate that market risk appetite is increasing further.
Third, is the market becoming excessively driven by FOMO?
When memecoins, newly launched tokens, and highly leveraged trading all begin heating up simultaneously, the market may still offer strong profit opportunities, but risks are also likely to increase.
The capital rotation during a crypto bull market may therefore look something like this:
BTC strengthens → Capital rotates into major cryptocurrencies → Altcoins become more active → Meme/FOMO activity increases → Overall market risk rises
The further the market moves through this cycle, the more attractive potential returns may appear—but the importance of risk management also increases.
FAQ
- Should investors allocate everything to altcoins during a bull market? Not necessarily. Altcoins generally offer greater price elasticity, but this also means larger potential drawdowns and higher liquidity risks.
- Why is BTC still important to watch? BTC remains one of the core assets of the crypto market. Its price trend, trading volume, and capital flows can provide important signals about overall market risk appetite.
- When are altcoins worth paying more attention to? After BTC establishes a relatively stable trend, investors can monitor whether major assets such as ETH and SOL begin consistently outperforming BTC and whether trading volume and capital are expanding into a broader range of crypto assets.
- Why are memecoins considered higher risk? Memecoins are highly dependent on attention, liquidity, and market sentiment. When market interest declines rapidly, both prices and liquidity can change significantly.
- Can users participate in crypto markets through KTX? KTX provides access to BTC, ETH, and a variety of crypto-related markets and trading products. Available trading pairs and products are subject to the latest information published on the KTX market page.
Conclusion
One of the easiest misconceptions to develop during a bull market is:
“If I buy the fastest-rising coin, I will make the most money.”
In reality, the final outcome often depends much more on asset selection, position sizing, and risk management.
BTC can serve as an important core asset for observing the broader crypto cycle. ETH, SOL, and other major assets can help indicate whether capital is beginning to rotate across the market. Memecoins and newly launched projects, meanwhile, may provide clues about whether market risk appetite has entered an overheated phase.
Therefore, rather than simply searching for the next token that could surge, it may be more useful to follow this sequence:
BTC trend → Capital rotation → Altcoin strength → Market FOMO → Changes in risk
A bull market creates more opportunities. It does not create lower risk.
Original Post
The crypto bull market is here. These are what I consider good assets. Feel free to add your own suggestions.
BTC is irreplaceable and should receive the highest allocation.
Assets outperforming BTC: ETH, SOL, BNB, HYPE, ZEC.
Four major crypto-related U.S. stocks: CRCL, HOOD, COIN, MSTR.
Assets with strong upside potential: XRP, DOGE, SUI, OKB, UNI, AAVE.
Early-stage watchlist: PUMP, PONS, ASTER.
Personally, if I were building a portfolio, I believe Bitcoin should account for 70% or more. Of the remaining 30%, around half should be allocated to assets outperforming Bitcoin or to the four major crypto-related U.S. stocks.
Another 5% should be reserved for new opportunities in the industry. Opportunities in crypto come from its extremely fast circulation of capital and attention. Early believers sell to later believers. After a prolonged bear market, technology and capital can ignite the market, creating explosive short-term momentum that may be stronger than its long-term sustainability. The key is learning how to judge these cycles.
Entry opportunities often appear during the early stages of controversy, while the moment everyone online is discussing an asset may be the time to consider selling. The more concentrated retail attention becomes, the greater the potential risk. Memecoins created by the attention economy can demonstrate this dynamic very quickly.
Do not get carried away just because you see other people making money. Do not keep chasing and buying randomly. Everyone has different ways of making money, and finding the approach that suits you is the most important thing. Memecoin trading is more suitable for people who can devote significant time and energy, while derivatives trading requires discipline, emotional control, and the ability to consistently execute a strategy.
Following the broader market cycle and continuously accumulating spot assets may be a more suitable path for ordinary investors. I remain bullish on Bitcoin's long-term growth and on the crypto industry as a whole. This path may appear slower, but over time, compounding can potentially create a meaningful difference in wealth.
Cryptocurrencies and perpetual contracts are highly volatile. The specific assets and portfolio allocation ratios mentioned in the original post represent the original author's personal views and do not constitute asset allocation or investment advice from KTX.