Several Main Characteristics of the Current Bull Market

1. Market Weakness, Outstanding Performance of Mainstream Coins

The current bull market exhibits characteristics of a "weak bull," with only Bitcoin maintaining strength while other coins perform mediocrely. Most coins are limited by insufficient funds, experiencing significant price fluctuations and generally struggling to sustain upward trends. Altcoin rallies often last less than half a month, lacking stability.

2. Lack of Incremental Market, Investors in Dilemma

Due to the unfavorable overall environment, the influx of new investors has basically stagnated, and the market lacks incremental funds. Existing investors face tight finances, making it harder to enter the market, and the influx of new retail investors has become increasingly rare, resulting in a lack of new vitality in the market.

3. Lack of Innovation Drive, Market Lacks Narrative

This round of the bull market lacks new technological breakthroughs and innovation, leading to a deficiency of new investment themes and narrative points, as well as a lack of expectations for future potential. This makes it difficult for investors to find new breakout points, and the overall market lacks imaginative space.

4. Market Gradually Maturing, Opportunities Gradually Decreasing

As the cryptocurrency market matures, the rapid growth phase of the industry seems to have passed, with many countries beginning to incorporate cryptocurrencies into their strategic reserves. This indicates that the market is gradually stabilizing, and opportunities once viewed as "pyramid schemes" are becoming increasingly scarce, with investors gradually losing early high-risk, high-return opportunities.

In summary, the current bull market lacks incremental funds and innovation drive, and the increased maturity of the market renders investment opportunities relatively limited, with future growth potential likely to be further constrained.