Many people are discussing whether the bull is here or not, but I believe the bull has never really come. Bitcoin's own bull market shouldn't be called a bull market. Looking at the general drop of about 95% in altcoins, it should be said that the involvement of large institutions after the 2024 halving has changed the historical trend. If we say the bull has never been here, that's fine, but if we consider Bitcoin's own bull market as a bull market, then unfortunately, what follows may be a bear market. However, if Bitcoin's trend is just a wave of general rise, then perhaps the real bull market is still ahead. I don't believe that BlackRock and Wall Street will buy everything themselves and take losses. I think it's just a handover, and then brewing a bigger wave. So when is it now? I think it should be the first stage before the bull market.
