If you ask me whether the cryptocurrency market is currently in a bull market, I will tell you clearly that it is not a bull market now.

1. In recent months, the trading volume of the cryptocurrency market has continued to be sluggish, and market sentiment has also reached a low point in repeated fluctuations.

2. Any price increase seems accidental and lacks sustainability, which is obviously not in line with the characteristics of a bull market.

3. The overall financial market environment is not optimistic. In addition to the fact that the "Big Seven" of the US stock market has stopped its blood-sucking crazy rise, Japan's interest rate hike policy has also made it impossible for the yen carry trade to continue.