The current market conditions can be classified as a bull market, but it is not the significant, expansive bull market that many people envision. A truly big bull market is characterized by a sense of endless wealth and liquidity, with new investors flocking in and driving the market to new heights. In such a market, all sectors thrive, new narratives emerge, and certain coins experience massive surges in value.摘要：Objectivelyspeaking,itisindeedabullmarket,butonlyasmallone,notthebigonethatmostpeoplehaveinmindThemarketgivespeoplethefeelingthatmoneyisunlimited,overflowing,andmarketliquidityisverygood2...
However, the current bull market feels somewhat lacking. While there has been an improvement in liquidity, it is still insufficient to drive significant growth across all sectors. Newcomers are few, and the wealth effect is limited to niche areas. While BTC is gaining attention and driving market trends, the potential of the ETH ecosystem, particularly in attracting institutional investment, is being overlooked.
Without institutional participation, it becomes unlikely for the market to develop into a truly big bull market. As such, while the market is displaying characteristics of a bull market, it lacks the expansive and inclusive nature that would mark it as a significant, long-term trend.
