Is it a bull market now? In a strictly objective sense, there are signs of a bull market, but not the exuberant, all-encompassing one that many envision. A big bull market is characterized by a sense of limitless wealth, abundant liquidity, and a flood of new investors injecting funds into the market. Every investment, regardless of industry, experiences exponential growth, attracting attention and enthusiasm from all corners.摘要：Objectivelyspeaking,itisindeedabullmarket,butonlyasmallone,notthebigonethatmostpeoplehaveinmindThemarketgivespeoplethefeelingthatmoneyisunlimited,overflowing,andmarketliquidityisverygood2...
The current market, however, leaves much to be desired. While liquidity has improved, it is still inadequate to drive widespread growth. New investors are scarce, and the wealth effect is confined to niche areas. Despite the perception of a bull market, the reality is that most are merely spectators, not active participants.
Bitcoin may be thriving, but the neglect of the Ethereum ecosystem, which has garnered institutional interest, raises doubts about the potential for a significant bull market. Without institutional participation, it is unlikely that a truly monumental bull market will materialize.
