The current market controversy is at its peak, with both bulls and bears holding their ground.

Bears believe that the bear market is coming:

According to a 4-year cycle, we are now at the point where the bull is ending and the bear is beginning. When old projects like ZEC, Filecoin, and ICP surge, it often leads to bad outcomes later, as verified by multiple cycles. New hotspots like stablecoin public chains, X402, and Chinese memes rarely last more than a week, and the market becomes desensitized to new narratives, making shorting more profitable.

Bulls argue that the bull market is not over yet:

The interest rate cut cycle has just begun, and claiming the bull market has ended too early is premature. The fear index is only at 22, whereas in the past, transitions between bull and bear markets occurred after frenzied markets above 70 or 80. The recent decline is due to the U.S. government shutdown withdrawing hundreds of billions in liquidity, but it is highly likely to reopen this month, and once liquidity returns, the market will rise.

Which side are you on?