Why do we say that this round of the bull market's rally will be absolutely unprecedented, and it may also be the last crazy bull?

First, let me mention two points, and the rest can be supplemented by everyone.

First: Because the market has already experienced extreme purification, it has had the largest pullback and longest decline compared to all previous bull markets.

Second: Although the number of projects has increased, major institutions like BlackRock have also entered the market successively. The Bitcoin ETF, along with futures derivatives, will bring in even more capital.