$BTC As traders, it can be difficult to know if we are witnessing a true bull run or just another "pump and dump" situation. Here are some key signals to watch for:

1. Volume and price action: A true bull run is generally supported by consistent and stable trading volume. If you see a sharp price increase without much volume, or if the price drops just as quickly, it could be a pump and dump.

2. Market sentiment and news: Bull runs often come with positive news or market changes that build momentum over time. A price increase without significant developments or industry news could be a red flag.

3. Duration of the movement: Bull runs tend to last weeks or months, showing sustained upward movement. Pumps, on the other hand, are usually quick bursts of excitement followed by a sudden collapse.

4. Whale activity: Pay attention to large holders (whales) making big moves. A pump and dump usually involves whales pushing the price up and then selling, while a bull run sees broader participation from both retail and institutional investors.

As long-term traders, it is crucial to stay the course and follow our strategies during volatile times. If you are unsure about the current market, patience may be your best ally until the situation clarifies.