The extent of the washout in this bull market is indeed more bloody than before, and the environment and trend of the currency circle are also different, which cannot be simply compared with the previous bull market.

The intensity of the washout has made retail investors more panicked and dare not enter the market easily. Although the market is actually in a bull market, it feels like the beginning of a bear market. This also leads many people to regard the current stage as the tail of the bull market or the early stage of the bear market.

However, there are a few points to note:

- The passage of the Bitcoin ETF has just begun to attract institutions to enter the market.

- It has only been two short months since the Bitcoin halving, and the price has not yet broken through the previous high.

- The interest rate cut has not yet started, and the capital inflow in the market is still limited. At present, it is mainly the stock funds and ETF funds that support the market.

In addition, the altcoin market has not yet shown a large-scale outbreak. Therefore, it may be too early to say that the bull market is over.

If the bull market is really over, then this cannot be called a real bull market at all, but just a small wave in the bull market.

For those who hold Bitcoin, it is recommended to remain calm and patient. Don't be affected by fear, uncertainty and doubt. You can choose not to check the market frequently, relax your mind, and live a normal life. This may be one of the best strategies for those who have difficulty controlling their emotions.

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