This bull market has several characteristics!

1. Weak bull, except for Bitcoin which remains strong, others are not strong due to a lack of funds leading to wide fluctuations in an upward trend, and altcoin markets generally heat up for less than half a month.

2. No incremental market, the overall environment is poor, resulting in new investors not entering the market with little capital, everyone has cleaner pockets than faces.

3. There is no new technological revolution point to lead the market, the lack of innovation has resulted in no narrative or imaginative space for the entire market.

4. As the market matures, it is approaching a stage where sovereign countries will incorporate cryptocurrency into their national strategic reserves; once everyone acknowledges this, opportunities diminish, unlike the past when many considered it a time of opportunity akin to a pyramid scheme.