Odaily News Cryptoquant analyst Crypto Dan stated that the current crypto market bull run cycle shows significant differences in its movement compared to 2017 and 2021. Although it was similarly accompanied by short-term pullbacks and rises in the early stages, since 2024, Bitcoin has repeatedly experienced strong pumps followed by rapid pullbacks, during which alts have generally performed weakly, and market sentiment has been frustrated.
He pointed out that this repeated pattern of "rise-down" may deliberately suppress the overheated market for the main force of the market to prolong the overall cycle time. This phenomenon has been rare in previous bull markets and may signal that the current cycle will enter a future emotionally driven bubble climax.
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Cryptoquant analyst: The current bull run cycle may be intentionally prolonged, ultimately leading to a bubble-like frenzy.
Odaily News Cryptoquant analyst Crypto Dan stated that the current crypto market bull run cycle shows significant differences in its movement compared to 2017 and 2021. Although it was similarly accompanied by short-term pullbacks and rises in the early stages, since 2024, Bitcoin has repeatedly experienced strong pumps followed by rapid pullbacks, during which alts have generally performed weakly, and market sentiment has been frustrated. He pointed out that this repeated pattern of "rise-down" may deliberately suppress the overheated market for the main force of the market to prolong the overall cycle time. This phenomenon has been rare in previous bull markets and may signal that the current cycle will enter a future emotionally driven bubble climax.