“We do not believe that it is indicative of a long-term bull run. Quite the opposite,” said Guilhem Chaumont, CEO of crypto trading firm Flowdesk, in a Telegram message. “There is a regular pattern of crypto market uptrends with first, bitcoin going through a bull run, then major altcoins pumping, and finally, tokens with small market caps.
![The State of Eth2, Jan 2021 [ENG/普通话]](https://storage.googleapis.com/ethereum-hackmd/upload_47c90a1331094cf794adf6539a7f8205.jpg "The State of Eth2, Jan 2021 [ENG/普通话]")
