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

I have talked about this problem countless times, the Bull Market is not over, the price has not yet reached the top, at present, it is only Bull Market a stage of consolidation after the pump, and there are two stages of the follow-up to start the market, don't pump to be happy, fall to be anxious, what you do is investment, long-term value investment, not part-time work in KFC and leave for a day, not to mention the game of one in and one out of Macau, a round of operation cycle 95% of the time is patience, you don't have enough patience to do the 80% of the 28 law of the market sucker the runner.
[Love] The logic of the view that the bull market has not ended:
1: The bull market is divided into two stages. The first stage of the rise has been seen before the halving, and there is a halftime break before the second stage starts. Currently, we are in the days after the halving and before the start of the second stage, and the bull market second stage is getting closer and closer.
2: Judging from on-chain data (which 95% of analysts in the market don't understand), currently BTC and ETH whales are hoarding aggressively, and the profit value is still far from the top of the bull market.
3: Institutions like BlackRock have been continuously buying, with the total amount in just over ten days surpassing the previous months. These institutions are from Wall Street, the top institutions globally. What are they buying for? Trapped? Chasing rising prices like suckers? Don't question their intelligence.
4: The on-chain holding cost, the first-tier cost of the new holdings in this bull market is around 42000, and the cost of many second-tier holdings is in the range of 64000-69000. Now BTC is at 66800. Are they just entering for this profit and ending it?
5: Will altcoins rise? Currently, the prices of most altcoins and mainstream cryptocurrencies are near the bottom of the bear market, after years of whipsaw and accumulation. Market makers and major players have accumulated a large amount of chips and they will not miss the opportunity of a bull run. Currently, the on-exchange fund is limited, and mainstream funds are being absorbed by BTC. When the bull market enters the second stage after breaking through 73000, funds will overflow into various altcoin zones. As the leader of altcoins, Ether, and ETF trading will bring hot money into the market, which will also drive the start of the altcoin zone.
Figure 1: On-chain data of the ETH, Ether demand gradually increasing, the address of the permanent holder achieves the second largest purchase volume in history, 298,000.
Figure 2: Long-term holders must exceed 0.75 and continue to rise based on historical data in order to achieve a profit of 0.69, and the price of the coin will reach the peak of the bull market.
Figure 3: The unrealized profit rate of whale accounts on the ETH chain 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 quantity (BTC cost).
Figure 5: The exchange's holdings hit a new low for several years, indicating that many buyers of the token choose to transfer it to their wallets for medium to long term holdings, and do not engage in short-term trading behavior due to fluctuations.
When I was writing, my heart was so tired. Don't panic when altcoins hit bottom on April 14th. After a month of volatility, you panicked. Don't panic when there's a long wick candle on June 7th. After a few days of volatility, you panicked again. The opportunity at this level is greater than the risk. If you still believe in the bull market, consider entering in batches now. If you don't believe, you can exit directly. Follow the wolves to eat meat, follow the suckers will only sing pessimistically. Think about it carefully.