This round of the bull market has a significant characteristic: it is noticeably more 'mature', and the sustainability of the bull market has significantly increased.

Comparing the market in 2025 with that of 2021, we find that the trend is no longer as frenzied; instead, there are rises and falls, moving upwards step by step. This rhythm indicates that the market is becoming increasingly mature.

This is the previous bull market from 2019 to 2021.

Figure 1

High volatility, a surge hits a peak, then crashes down immediately.

Figure 2

This is the bull market from 2023 to 2025.

Figure 3

Mild, with rises and falls, the 'power-up' and consolidation actions are very apparent.

Figure 4

Now you might feel 'why isn't it surging like before', but in fact, this is the true stage suitable for making money. The era of relying on luck and getting rich overnight has passed. The current market is, instead, a better environment for those with experience and risk control.

In previous bull markets, the peaks came particularly fast, reaching the highest point within days, and then immediately starting to plummet, leaving many with no time to react. However, since 2021, the peak of the bull market is no longer 'sharp', but slowly emerges, sometimes even consolidating for dozens of days. This gives everyone more opportunities for judgment and operation.

Now the cryptocurrency market is growing larger and getting closer to the traditional financial system. In future bull markets, the scale may be larger, the duration longer, and the peaks will not be as sudden, giving everyone more time to react. This is a good thing for ordinary people.

The cryptocurrency circle has welcomed the end of the gamblers (those eager for overnight riches) and the spring of smart traders and rational investors (at least for Bitcoin as an asset).