I just saw many people asking what a Bull Run is and when it starts, so I want to share a bit of my understanding about this.

What is a Bull Run? Simply put, it is the phase where most investors are buying, demand far exceeds supply, market confidence is high, and prices are continuously rising. When you see prices trending strongly upward in a certain market, that’s a signal that the majority of investors are becoming optimistic, believing that prices will keep climbing. That might be the starting point of a bullish market.

What we call a "bull" (Bull Run) is essentially investor confidence that prices will continue to increase over time. When this sentiment rises, a positive feedback loop occurs - rising prices lead to increased buying pressure, which in turn pushes prices higher. It creates a chain of positive reinforcement.

Why is a Bull Run important? Because the prices of any crypto are heavily influenced by public sentiment. Therefore, many investors try to gauge market sentiment — the so-called "sentiment" — to determine how optimistic or pessimistic the market is.

Regarding when a Bull Run will begin, people used to say it would start when BTC surpasses $48k. But looking at the current situation, BTC is at $80.93k, a significant jump from the old forecast. This shows that the crypto market has changed a lot. What a Bull Run is now is not just about the numbers but also about how investors perceive this asset — with the current price, it seems we have entered a new phase.

Many people are still watching to see if this trend will continue or not. If you want to follow these changes, you can check market indicators on Gate to better understand the situation.