I just revisited the concept of a bull run because I see many people still confused. Simply put, a bull run is a period when the market is optimistic, most people are buying, demand exceeds supply, and prices are continuously rising. When you see prices trending upward rapidly in a certain market, it’s usually a sign that investors are optimistic and believe the upward trend will continue.

What’s interesting is that a bull run creates a positive feedback loop. When prices rise, investor confidence increases accordingly, attracting more participants, which causes prices to keep climbing. Since crypto prices are heavily influenced by public sentiment, measuring market sentiment becomes extremely important. Many investors try to gauge this optimism to predict when a bull run will start.

Regarding the timing of a bull run, I’ve seen many say it will begin when BTC surpasses $48,000. But when I checked the data, BTC is currently at $77.71k, which means it has already exceeded that threshold a long time ago. This indicates that the market has already experienced significant movements. However, a bull run isn’t just about the price figures; it also involves market psychology, trading volume, and investor participation.

It can be said that when you see BTC prices skyrocketing like that, it’s a strong sign that a bull run has already started or is underway. Market watchers often use market sentiment indicators to determine where we are in this bull cycle.