New FBS Analysis Highlights Liquidity Trends and Market Phases in Crypto
Published by FinanceWire
Posted on July 28, 2025
3 min readLast updated: January 17, 2026

Published by FinanceWire
Posted on July 28, 2025
3 min readLast updated: January 17, 2026

Press Release
Singapore, Singapore, July 28th, 2025, FinanceWire
FBS, one of the leading global brokers, has published a new market analysis exploring the mechanics behind crypto bull cycles, and the key indicators traders should watch to time their exit.
With Bitcoin showing renewed strength and the broader crypto market gaining momentum, traders are once again asking the crucial question: Are we nearing the peak, or is there more room to grow? According to FBS analysts, the answer lies in understanding how liquidity flows across different types of assets as market sentiment evolves.
Four phases of a crypto bull cycle
The report outlines a typical bull market cycle in four key stages. It begins with capital flowing into Bitcoin, seen as the most trusted and liquid crypto asset. As Bitcoin rallies, attention shifts to large altcoins like Ethereum (ETH), Solana (SOL), and BNB. This is often followed by a move into smaller, more volatile tokens, as investors chase higher returns.
The final phase, often signaling the peak, is marked by a surge in meme coins such as DOGE, SHIBA, and PEPE. These assets typically gain traction through social media buzz and community hype rather than fundamental value.
“Every cycle ends in euphoria. When meme coins dominate headlines and trading volumes, it’s often a sign that the market is overheated,” FBS analysts explain.
The 2021 cycle followed this exact pattern. Meme coin capitalization began to drop in October, just weeks before Bitcoin hit its high and the broader market entered a correction.
What traders should watch now
Technical patterns suggest that the crypto market still has growth potential. The total crypto market cap has broken out of bullish formations, pointing to a possible 15% upside. Altcoins may climb even higher — up to 37%, based on current targets.
Meme coins are also coming back into focus. After correcting by over 80%, their capitalization is rising again. This could indicate the start of a euphoric phase or a final stretch before the cycle peaks.
However, FBS analysts also highlight a possible shift in narrative. Real World Assets (RWAs), such as tokenized stocks and private equity, may become the new focal point. Platforms like Robinhood, Kraken, and Coinbase are already moving into this space, hinting at what could be the next wave of growth.
“Meme coins defined the last cycle. This time, RWAs may play that role, and watching where liquidity flows next will be critical,” say FBS experts.
While no one can predict the exact top, understanding market structure and investor psychology gives traders a stronger edge.
Users can read the latest FBS analysis here.
Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.
About FBS
FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe.
The FBS Press Office
FBS
press@fbs.com
Liquidity refers to how easily an asset can be converted into cash without affecting its market price. In finance, high liquidity means assets can be quickly bought or sold.
A bull market is a financial market condition characterized by rising prices, typically associated with investor confidence and expectations of continued price increases.
Altcoins are cryptocurrencies other than Bitcoin. They include a variety of digital currencies that offer different features and functionalities.
Meme coins are cryptocurrencies that gain popularity primarily through social media and community hype rather than fundamental value, often characterized by high volatility.
Real World Assets (RWAs) are tangible or intangible assets that exist in the physical world, such as real estate or stocks, which can be tokenized for trading on blockchain platforms.
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