Odaily News Cryptoquant analyst Crypto Dan wrote that the current bull market cycle in the crypto market is significantly different from that in 2017 and 2021. Although there were also short-term pullbacks and rises in the early days, since 2024, Bitcoin has repeatedly experienced strong pull-ups and rapid declines, during which time altcoins generally performed weakly, and market sentiment was frustrated.
He pointed out that this repetitive pattern of "rising-suppressing" 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.