[Love] Recently, many people have been asking if the bull market is over?

I have mentioned this issue countless times. The bull market is not over yet. The price has not reached the top. Currently, it is just the consolidation after the first stage of the bull market rise. There will be a second stage of the market upswing. Don't be happy when it rises, and don't be anxious when it falls. What you are doing is investing in long-term value, not just working part-time at KFC for a day, and definitely not playing the game of going in and out of Macau. In a trading cycle, 95% of the time is about patience. If you don't have enough patience, you can only be one of the 80% of the crowd following the market's Pareto principle.
[Love] The logical viewpoint that the bull market is not over:
1: The bull market is divided into two phases. The first phase of the pump has been seen before the halving, and there is a halftime rest before the start of the second phase. At present, we are in the days after the halving and closer to the start of the second phase of the bull market.
2: Judging from on-chain data (which 95% of analysts don't understand), currently BTC and ETH whales are crazily accumulating, and the profit realization value is still far from the top of the bull market.
3: Institutions like BlackRock have continued to buy, surpassing the total volume of the previous months in just over ten days. These institutions come from Wall Street and are at the forefront globally. Why do they continue to buy? Trapped? Chasing rising prices like suckers? Don't question their intelligence.
4: The on-chain holding cost. The first tier of new holdings in this bull market is around 42000. The second tier has many holdings in the range of 64000-69000. Now BTC is at 66800. Are they entering just for this profit?
5: Will altcoins rise again? Currently, the prices of the majority of altcoins and mainstream cryptocurrencies are near the bottom of the bear market, after a few years of whipsaw and accumulation. Market makers and major players already hold a large amount of chips and they will not miss the opportunity of a bull run, as there is limited on-exchange capital at the moment, with mainstream capital being absorbed by BTC. When the bull market enters the second phase after breaking through 73000, capital will overflow into various altcoin zones, with Ether as the leader. After the ETF is traded, hot money entering the market will also drive the activation of the altcoin zone.
Figure 1: On-chain data of ETH, Ether demand is gradually increasing, and the address of the permanent holder has created the second largest purchase volume in history, 298,000.
Figure 2: Long-term holders need to surpass 0.75 and continue to rise based on historical data in order to achieve a profit of 0.69, for the coin price to reach the peak of the bull market.
Figure 3: The unrealized profit rate of whale accounts on the ETH chain still remains low, and historical bull market indicators for ETH will increase significantly in the middle and later stages. From this pattern, it can be seen that the current primary uptrend of ETH has not yet arrived.
Figure 4: On-chain data, BTC chip concentration area and Holdings (BTC cost).
Figure 5: The exchange's holdings hit a new low in several years, indicating that many people who bought the big cake chose to transfer it to their wallets for medium to long-term holding, rather than trading due to short-term fluctuations.
When I'm writing, my heart feels so tired. You didn't panic when altcoins hit bottom on April 14th, but you panicked after the one-month fluctuation. You didn't panic when there was a long wick candle on June 7th, but you panicked after a few days of fluctuation. The opportunity at this position is greater than the risk. If you still believe in the bull market, consider entering the market in batches. If you don't believe, you can just leave directly. Follow the wolves to feast, but following the suckers will only lead to pessimism. Think about it carefully.