THE CRYPTO BULL RUN ENDED?

Is the bull run has ended or if the current downturn is a correction within a larger bullish trend. Here are some key factors to watch:

1. Market Trends

Higher Highs and Higher Lows: A bull run is characterized by consistent upward momentum. If major cryptocurrencies fail to reclaim previous highs, it could signal a trend reversal.

Key Support Levels: Breaking below critical support zones could indicate further downside.

2. Macro Environment

Global economic conditions, such as interest rate decisions, inflation, and geopolitical events, heavily influence market sentiment.

3. On-Chain Data

Bitcoin and Ethereum Metrics: Monitor metrics like active addresses, exchange inflows/outflows, and whale activity. Significant selling pressure could confirm bearish sentiment.

Stablecoin Reserves: A decrease in stablecoin reserves on exchanges could indicate less buying power.

4. Altcoin Performance

During the late stages of a bull market, altcoins often experience parabolic gains ("alt season"). If these gains fail to materialize or sustain, it may suggest a broader trend shift.

5. Market Sentiment

Sentiment often flips before price action. Check fear/greed indexes or social media trends to gauge the mood.

Possible Scenarios:

Bullish Case: This is a healthy correction, shaking out weak hands before resuming the uptrend. Watch for strong bounces from support levels.

Bearish Case: If key assets like Bitcoin and Ethereum lose major support levels, it could signal the start of a prolonged bearish phase.

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