First of all, this bull market is completely different from the one in 2020! Don't expect another deep pullback or a widespread rise in all coins, waiting to buy the dip and catch the opportunities. If every bull market were the same, making money would be too easy!

Right now, the cryptocurrency market is particularly polarized; some coins are skyrocketing to new highs, while others are just 'lying flat' at the bottom. Those seemingly promising 'potential coins' might be hiding major risks.

Why do some people lose money in a bull market? Because it's too easy to be misled by stories of sudden wealth. When they see someone making a million overnight, they can't help but borrow money and sell their houses, diving headfirst into the market, filled with fantasies of becoming 'rich overnight.'

But have you ever considered how many tragic stories of total loss lie behind these low-probability tales of sudden wealth? The 80/20 rule in the crypto world always exists; most people only see the 'illusion' that the major players want them to see.

The truly smart investors have already started thinking about what happens after the bull market ends.

How should one defend against a bear market? How will blockchain develop in the future? Where will the next opportunity be? If you only focus on the ups and downs in front of you, when the risks come, anxiety and fear can instantly crush you, leaving you to exit in a state of disarray.

To survive in the cryptocurrency world, you need to be a 'slippery' character—go long when the bulls are strong, and quickly retreat when the bears are strong. Don't be greedy; only earn the money you understand and have confidence in; this is the way to longevity.

Now the decline is rapid, but the rebound is also quick, especially among altcoins led by Ethereum, which are eager to try, indicating a strong bullish signal. Holding spot assets is undoubtedly the best choice.