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A bull market is when U is rising, everyone is frantically using RMB to exchange for U, and U's price increases—that's a bull market. They don't understand basic economic principles.
Furthermore, the crypto world is the currency of the entire world; what's the point of only looking at RMB? When RMB players are gone, other players will still buy in the crypto market—dollars, yen, euros. Why don't you use data from other currencies? When the RMB to U price drops, you say a bull market has arrived.
These kinds of KOLs have no basic knowledge, only elementary school level. I suggest you block them; listening to them will only lead to losses.