I've noticed that many newcomers confuse a bull run with a regular price increase. In reality, a bull run is not just a rise, but an entire period during which the market operates under completely different laws.

During such times, a wave of optimism sweeps through the crypto space. Investors become more active in buying assets, demand sharply increases, and this creates a self-reinforcing growth cycle. Bull runs often occur after long bearish periods when people start to forget about declines and begin to believe in recovery again.

What’s interesting is that a bull run can be easily recognized by several signs. New faces appear in the market who haven't traded before. Media starts constantly writing about cryptocurrencies, and prices are discussed everywhere. Trading volumes skyrocket. All of this creates the impression that now is the urgent time to buy something.

But here’s the catch — a bull run is both an opportunity and a danger. Yes, you can make serious money. But it’s easy to succumb to emotions and make impulsive purchases at the peak. Prices can inflate into bubbles that later burst. Therefore, even during a bull run, it’s important to keep a level head.

Those who have gone through several cycles know: a bull run requires as much risk management as a bear market. You need to plan your entries and exits carefully, not invest everything at once, and have stop-losses in place. Otherwise, you could lose everything you’ve earned when the market turns in the opposite direction.