In the past two weeks, $BTC went from a panic sell-off to an oversold bounce, so many people started discussing the return of the bull market.



But if you stretch the cycle a bit longer, you’ll find that the things that truly change the trend have hardly changed.

ETF funds have not continuously flowed back, incremental capital has not re-entered, the profit-making effect of altcoins has not recovered, and the market has just gone from extreme pessimism to being not so pessimistic.
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MoMo'er
· 6h ago
Over the past half month, $BTC has gone from panic selling to an oversold bounce, so many people have started discussing the return of a bull market.

But if you extend the cycle a bit further, you’ll find that almost nothing that truly changes the trend has changed.

ETF funds have not continued to flow back, incremental capital has not returned to the market, and the profit-making effect in altcoins has not recovered—the market has only shifted from extremely pessimistic to somewhat less pessimistic.
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