The recently discussed bull run exit indicators in the market have sparked quite a bit of discussion. However, the reliability of such indicators is debatable, and their latency may cause investors to make delayed decisions.

In fact, if everyone chooses to exit at the same time, the market will face severe liquidity issues. In this situation, who will take over becomes a key question.

The current market atmosphere seems to suggest that the bull run may be approaching its end. Some investors believe that a bit more increase could reach the peak. For those bulls who have already made profits, it might be time to consider moderately reducing their positions.

It is worth noting that mainstream cryptocurrencies such as Ethereum have reached the previously expected price range of $4000 to $5000. However, the performance of small-cap tokens (commonly known as "altcoins") has been disappointing. This market differentiation phenomenon has led some investors to no longer hold high expectations for the so-called "altcoin season."

Overall, in the later stages of a bull run, investors need to be more cautious, being alert to excessive optimism while also avoiding blindly following so-called market indicators. A reasonable assessment of risks and timely adjustment of strategies is the wise approach to cope with market changes.