When we were in the old period, we would even experience intermediate bulls when $1 trillion was played. We had a bull when it went from 300K to 2 trillion.

Currently, the market cap is at a higher level than the bull period we experienced in 2021, but we are crying that we are dead. Why?

Because the number of coins at that time was very few and when you said memecoin, only 3 or 4 would be discussed. Right now, every state, every artist, every famous name is creating their own coin and exploiting the money in the market.

MarketCap of newly launched coins:

$PI 12 Billion
$HYPE 5 Billion
$TRUMP 2.5 Billion
$IP 1.5 Billion
$ENA 1 Billion
$MOVE 1 Billion
$BERA 660 Million

You can add around 100 more coins like $SUI that came out after the previous bull.#APT $TAO

Also include the memecoin market that people are rugging every day.

So when we look at it, there is more money in the market than in the past bull period, but it appears to be a worse process.

Because everyone wants every coin they buy to make 10x or 20x. Pre-sales should make 100x like in the old bull market. There used to be 100 coins or 10 pre-sales, now there are 10 pre-sales coming out daily.

There have been so many positive news, etc., but only new scammers have entered the market to exploit investors, not new investors. In other words, there is no new investor entering the market with the discussion that whatever we buy is increasing in a bull market.

When the bull comes, the current market value must exceed 10 trillion, and BTC dominance must be at least 40%.

I can't say it's a bear market right now because the market size is very high. However, because there is so much in the invested area, not everyone understands this, only those who enter the right opportunities do.

I hope this is the period that makes everyone believe in the bear market, where there is a decline of more than 50% in a short time before every bull. After experiencing the last lows, we would continue upwards with a few positive data as an excuse.

If you look closely, you will see that coins that have come out to scam people in this market have eroded more than 20x and have been wiped out from the market. These market conditions can prevent larger potential losses in a bull market by cleaning up more trash.

Finally, if you look back at the previous period, coins that started to rise before the bull had experienced increases of up to 20x within 2 months. You can check these on CMC. So at the moment when we say we are dead, for example, I am throwing $EIGEN at $1.3, it's a disaster, but if it gives 20x from the bottom, it can easily reach $25.

In a bull market, for a while, no one sells their assets, so there are buyers but no sellers, and this allows all coins to rise very easily. In other words, they progress as inflated prices. This is similar to how in the past, due to the excuse of just getting airdrops, coins like $DYM reached a value higher than they should have since there were no sellers.