#目前行情震荡下行，牛还在吗？ This bull market in the encryption market is really different from the past!

This round of the encryption market bull run is different from previous ones. Institutional capital is flooding in, macroeconomic impacts are increasing, new narratives are yet to emerge. Investors should focus on long-term trends and innovative directions, seize opportunities in the changing situation, and embrace the bright future of the encryption market.

The encrypted market is like a huge playground, and every bull market injects new vitality into this playground. People rush in excitedly, hoping to seize the opportunity to create wealth and achieve their dreams. However, this time, when the bull market comes again, many old players find that the playground seems to have changed.

In the past, every bull market had a similar script: Bitcoin halving triggered market frenzy, various sectors took turns to rise, and everyone could get a share of the pie. However, this time, the script seems to have been rewritten. "No dumb buying", "no sector rotation", meme coins soaring... all of this has left veteran players confused and uneasy.

What exactly has changed this encryption playground?

Upon careful analysis, we will find that the influx of institutional capital is quietly changing the ecology of this market. These rational big players favor Bitcoin and new hot tracks, but they disdain old projects. As a result, the once lively zones have become much quieter. Retail players are also beginning to feel the weakening of their influence.

However, the change goes far beyond this.

We were surprised to find that Bitcoin halving, which used to be the key factor determining the fate of the bull market, seems to no longer hold that position. The external macroeconomic environment is exerting an increasingly significant impact on Bitcoin. Every move by the Federal Reserve affects the rise and fall of Bitcoin. This former "digital rebel" is gradually being embraced by the mainstream market.

Meanwhile, behind every bull run, there is a brand new story supporting it. DeFi, NFT, GameFi... these familiar terms have been the protagonists of the past few bull markets. They have brought in new capital, new users, and injected a constant stream of vitality into the market. And in this round, it seems that we are still waiting for the arrival of a new story.

In the face of such a volatile market, many people are starting to feel confused and anxious. "Is there still a bull market?" This question seems to be a knot in everyone's heart. However, experienced investors tell us that instead of being entangled in speculating on short-term market trends, it is better to focus on the long-term future.

In the global environment of continuous monetary easing by central banks, cryptocurrency assets will still be an important choice for allocation. The integration of blockchain technology with new technologies such as AI, Web3, Metaverse, etc. is opening up a vast new world. Short-term fluctuations are just the necessary path to the future.