What constitutes a bull market? This year's market liquidity is extremely poor, and only Bitcoin is still rising. This is a bear market with severely shrinking liquidity. If Bitcoin were at 30,000 now, everyone would understand it. But now Bitcoin is at 95,000, and some people are confused.

Of course, some say that altcoins are in a bear market because they are worthless and no one is buying them. To be honest, when there is liquidity, trash can also be treasure; when there is no liquidity, treasure can also be trash. Money will find assets on its own, and when there is a flood of liquidity, the market is crazy. So, a true bull market has to wait until Powell compromises and releases liquidity.

One day, when a friend tells you to open Binance and close your eyes and scroll down, buying whatever you land on, that will be true madness.

In the last bull market, tokens with over a billion dollars were everywhere, so many major projects had valuations exceeding 1 billion. Now, the altcoins are so sluggish, many assets that have survived two or three cycles are at historical lows. Many coins that were released during the last liquidity wave have dropped by over 95%, and Ethereum has been bearish like a child. Everyone is losing. Now, a meme with a valuation of several million dollars is considered a big deal. The valuation of new projects listed on Binance has shrunk to one-tenth of what it used to be. Previously, any project would have a valuation of hundreds of millions; now, having several million is remarkable.

I hope you brothers can get rich in the crypto circle soon, whether it's a bull or bear market. Both sides can make money. Everyone has their own trading insights and methods.