Crypto investor, also known as GCR, one of the most followed analysts, stated that there is a bull season. Responding to an account on X that said the current market looks like 2022, GCR said:

"I made my predictions for 2022 in the middle of a bear season. The current situation reminds me more of the end of 2020, when the DeFi summer ended sharply. There are even some remnants from the summer of 2021. However, not to be too fooled by fractals. "We should not trust it. Every cycle happens in a different way. We are still in the bull season."