This round of the bull market shows several distinct characteristics:

Weakness: Except for Bitcoin, which remains strong, other cryptocurrencies have not performed outstandingly. This is mainly due to a lack of funds, leading the market to show a wide-ranging upward trend, and the popularity of altcoins generally lasts less than half a month.

Lack of Increment: The unfavorable environment makes it difficult for new investors to enter the market, effectively leaving them with empty pockets. The market lacks new incremental funds.

Insufficient Innovation: Currently, there is no new technological breakthrough to lead the market, and the lack of innovation results in a general scarcity of narrative imagination in the entire market.

Mature State: The market is becoming increasingly mature and is about to enter a stage where sovereign countries incorporate cryptocurrencies into their national strategic reserves. However, when everyone acknowledges cryptocurrencies, the opportunities may be less than during the time when they were considered a Ponzi scheme.