What is a Bull Run in the Crypto Market? ๐๐
If you're new to the crypto market and Binance, youโve probably heard the term Bull Run. But what does it mean? ๐ค
A Bull Run occurs when the market is on an upward trend, with prices consistently rising. Itโs a period of optimism where investors believe in the continuous growth of asset values. ๐
Who are the โbullsโ?
Bulls are investors who believe in the appreciation of crypto assets and strategically buy, helping to push the market upwards. They are key players in a Bull Run! ๐
And the whales?
Whales are large investors or entities holding significant amounts of cryptocurrency. Their actions, whether buying or selling in large quantities, can heavily influence the market. ๐
Tips for new Binance members:
1๏ธโฃ Donโt follow the hype without research. Use the bull market as an opportunity to learn about crypto. ๐
2๏ธโฃ Create a strategy and manage your investments. Never invest more than you can afford to lose. โ๏ธ
3๏ธโฃ Keep an eye on whale movements, as they can signal major market changes. ๐
Welcome to Binance and the exciting world of crypto! Enjoy the journey wisely. ๐ก