šļ½This round of bull market is more complicated than ever before
Letās talk about the characteristics of this round of bull market first
1ļøā£It rises very slowly and falls very quickly. We all know that a sharp drop and slow rise are the characteristics of a bull market, but this time the sharp drop is very sharp and the slow rise is too slow.
2ļøā£The liquidity is too poor. Except for the BTC spot ETF, which has large funds in and out, the other cottages have little liquidity
3ļøā£This round of bull market is a bull market created by ETFs for BTC. At present, it is only a bull market for BTC. The current average of cottages can barely reach the level of the beginning of the bull market
šLetās talk about the first characteristic first. How can we see that it rises slowly?
Letās take BTC as an example. Look at the figure below. After reaching the bull peak in December 2017, it entered a bear market. Three years later, it broke a new high in December 2020 and continued to climb to the peak of the bull market in less than a month.
Now, it has been three years since the last bull market in 21 years. After breaking the new high in March this year, it has been sideways for three months without an upward trend.
āļøYou may find that why the market goes sideways at the weekend is because the stablecoins in the market are full, so BTC is most affected by ETFs, and liquidity will only be restored when the US stock market opens.
āØIn addition, brothers who hold copycats should know why BTC has broken the new high, while the price of mobile phone copycats is still the same as in the previous bear market. I talked about this in the previous post. Interested friends can click on the next article to read it.
ā¦ļøIn general, this round of bull market is different from the past and has become more complicated. With more and more institutions and financial giants entering the market, the living space of our retail investors will become smaller and smaller, and it will become more and more difficult to make money in the currency circle, and the flow of funds will become concentrated.
