Why has there been no movement since the Bitcoin halving?

In the previous halving cycles, we have observed an obvious trend: in the early stages of a bull market, there are often some iconic events or factors, such as the rapid increase in consensus on leading currencies, the significant participation of specific figures, the active investment of large institutions, or the breakthrough application of specific technologies, which together constitute the catalyst for the market's surge.

Taking the third halving as an example, Musk's active participation, Grayscale Capital's huge purchases, and Ethereum's innovative destruction mechanism have greatly promoted the prosperity of the market.

However, from the current market environment, despite the expectation of a rate cut, there has not yet been an explosive event that can detonate market enthusiasm and attract more than 90% of the currency circle to participate.

Therefore, the arrival of a real bull market requires a "trigger" that can arouse widespread enthusiasm and attention. Only when this "trigger" appears can the market stage a warm scene with a daily increase of more than 50%.

In short, a strong market catalyst is the key to the start of a bull market. It will ignite the passion of the entire currency circle and lead the market to a new climax. #ETH #山寨币热点