Is Bull Run Over Or This Is Just A Market Correction?

Or... What If We Are Not In Bull Run Yet😁

My Hypothesis Is.

1️⃣ Overall market capitalization not reaching previous ATH during 2021 with only certain sector of the cryptocurrency expands.

2️⃣ New investors and users from retail remain lower, the role of blockchain is to increase adoption and onboarding of new users into the crypto space. With no easy money from government & higher interest rate make retailers think twice to jump in.

3️⃣ Although $BTC hit new ATH, other cryptocurrencies failed to breaking previous ATHs, especially prominent ones like $ETH and $SOL ,although this blockchain able to create memes frenzy since March 2024.

4️⃣ Institutional involvement remain low since BITCOIN ETF just kick into the market, greater participation and investment from institutional players like hedge funds, banks, and corporations are almost important as retail involvement.

5️⃣ Bitcoin Dominance decrease while price remain at ATH will increase investors appetite to explore other cryptocurrencies, often seeking higher returns. Currently BTC Dominance still higher eventhough price undergoing retracement.

What's next? Look out for these narrative

1️⃣ ETH ETF & SOL ETF news.

2️⃣ Trump's & Biden's crypto support.

3️⃣ US FED cutting rates.

We will see Bull Run soon i believe as TVL is trying to test previous cycle, more institutional investor showing interest in blockchain & favourable regulatory development in US SEC.

Good luck, that's all for now. For more info click FOLLOW button, thanks degen.