Odaily Planet Daily News Cryptoquant analyst Crypto Dan wrote that the trend of this round of crypto market bull market cycle is significantly different from that of 2017 and 2021. Although there were also short-term pullbacks and rises in the early stage, since 2024, Bitcoin has repeatedly experienced strong pull-ups and rapid declines, accompanied by the general weakness of altcoins, and market sentiment has been frustrated.
He pointed out that this repetitive pattern of "rise-suppression" may be the market main force deliberately suppressing the overheated market to extend the overall cycle time. This phenomenon is relatively rare in previous bull markets, and may indicate that the current cycle will enter a bubble-like climax stage driven by emotions in the future.