Why did the bull market in the past have strong momentum, while the current bull market feels relatively flat?

1. Number and selection of currencies: In the previous bull market, there were fewer currencies on the market and investors had relatively single choices, so funds were more easily concentrated, which pushed the price of currencies up sharply. Today, there are many currencies, investors face more choices, and funds are dispersed, making it difficult to form a concentrated upward trend.

2. Differences in circulating market value: In the past, many currencies had low circulating market value, so a small inflow of funds could trigger large price fluctuations. Now, new coins often have a higher market value when they go online, making their gains relatively limited.

3. Market tracks and fund dispersion: With the development of blockchain technology, more tracks and sectors have emerged in the market, such as staking, AI, meme coins, etc. These emerging fields have attracted investors' attention and funds, resulting in funds being dispersed among multiple tracks, making it difficult to form a unified upward trend.

4. Number of new investors: Although blockchain technology has gradually received more attention, the number of new investors in the currency circle is still limited. Many people's understanding of BTC and blockchain technology remains superficial, which limits the overall upward momentum of the market.

5. Project strategy: Compared with the past, the number of project parties with a pattern has decreased. Some project parties are too focused on short-term interests and lack long-term planning and promotion strategies, which affects the establishment of market consensus and the rise of currency prices.

In short, factors such as market environment, number of currencies, capital dispersion, number of new investors, and project party strategies have jointly affected the performance of the current bull market. In order to seize investment opportunities in the current market environment, investors need to evaluate the market and projects more rationally and carefully and formulate appropriate investment strategies. $BTC $ETH $BNB #HMSTR开盘 #美国8月核心PCE创4月以来新高 #你有多少HMSTR？ #美联储11月降息预期升温 #加密市场反弹