The bull market that happens every four years has ended again? Maybe there is no alt season, at least not this year. Is it really like this?
More and more people are bearish in the market now. Ethereum, the king of alts, continues to fall. Few altcoins can follow an independent trend, especially the ETH ecosystem series
At the beginning of 2018, ETH rose from 760 to 1430, an increase of 88% in 10 days, and the bull market peaked. At the end of 2021, ETH rose from 2800 to 4900, an increase of 75% in one month, and the bull market peaked. In the first two rounds of the bull market, Ethereum saw a unilateral rise, rising for a month without a correction, and altcoins soared. In this round of bull market, when ETH sees such a surge, the bull market may soon peak. Now, the bull market is at most in the starting stage
From another perspective; each round of the market ends with the end of the altcoin surge.
The leader of altcoins is still ETH.
The ETH/BTC exchange rate has not risen in this round, and has even hit a new low.
Normally, when ETH starts, the altcoins will follow. When ETH reaches the top, the bull market ends.
From this perspective, the current bull market is in the intermission stage. What the main force is most willing to do is to oscillate back and forth in the panic of continuous decline. Many people know that the process of holding altcoins is uncomfortable, but they can't persist in their personal experience. This is the incompatibility of knowledge and action. The end of incompatibility of knowledge and action is to be out of the game.
Normally, if we look at it from the perspective of past judgment, the bull market is definitely still there:
Because; macro liquidity has not improved, newcomers have not entered the market, and web 2 companies have not had fomo. Perhaps it is not that the bull market is over, but that it has not arrived at all.
Summary: The market before today was all the early bull of ETF.
Whether you are bearish or bullish, just pay for your own behavior and cognition. There is nothing to discuss, and there is no need to try to convince others.
If you are unsure about the current market, you can follow me, click on my avatar, look at my information, and find me. My many years of experience in currency trading may be helpful to you.