I should be a bit more rigorous with the old man; at least the bull market for $BTC and $ETH has not ended yet. Of course, it may not just be these two tokens. Recently, $BNB, $SOL, and $OKB have also shown good performance and may still have opportunities. After all, they are either compliant or quasi-compliant cryptocurrencies, or they are cryptocurrencies that are very popular in stock speculation. However, it may not yet be a bull market for the overall market.

After all, the performance of a large number of ALT (other tokens) has been quite poor up to now. This is similar to what we discussed yesterday about the U.S. stock market. Although the Nasdaq and S&P have continuously broken new highs, the majority of U.S. stocks have not performed well. This is no different in the cryptocurrency space, where the "Seven Sisters" have contributed a significant portion of the gains, and in cryptocurrencies, only a few names like BTC, ETH, BNB, SOL, and OKB have shown decent increases.

So overall, it should be considered a non-typical bull market. Indeed, the overall market is rising, but only the top assets are driving the market's increase. Therefore, if one insists on believing that this is a complete bull market, it may not be appropriate.

This article is sponsored by #Bitget ｜ @Bitget_zh

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