The picture at the end of the article is a weekly historical chart of the "total market value of the crypto market".
…………………………………………………………
From the picture we can see:
The peak of the "total market value of crypto" in the last round of bull market was reached in November 2021, and the highest reached 2.95 trillion US dollars.
The current highest point of this round of bull market cycle was reached in March this year, and the highest reached only 2.82 trillion US dollars, which did not even reach the high point of the last bull market.
We know that the crypto market has long maintained a long-term long-term cycle of sustained growth.
This stems from "blockchain technology and the crypto industry", which has a strong technological subversion attribute, and is gradually popular in society and gradually becoming popular.
The changes in the total market value of the "crypto market" have also maintained a long-term trend of sustained and steady growth.
According to the historical rules of the market over the past decade:
At the peak of each bull market,
the performance of "total market value plus M"
will create a geometric multiple of new highs since the peak of the previous bull market.
This is in line with the historical law of the crypto market,
which has the characteristics of wild expansion and growth.
Although with the crypto market,
the total market value has been expanding cyclically for a long time.
The market has begun to become more and more mature,
the cyclical growth amplitude and volatility have gradually slowed down, and
the market has gradually become an emerging new generation market.
However, the growth characteristics of the total market value in this round of bull market,
the worst should also be,
at least about 1.5 times to 2 times of growth performance,
to meet the historical laws and characteristics.
From the technical perspective of "total market value plus M",
the weekly large-scale large-cycle perspective,
is building a "potential large arc bottom".
In the near future,
if it breaks through the neckline of 2.8 to 2.9 trillion US dollars.
The theoretical target will be at least,
should be around more than 5 trillion to more than 6 trillion US dollars.
…………………………………………………………
In the current market,
with BTC’s continuous “wide range oscillation”,
ETH’s medium-term trend continues to be weakly linked.
After the continuous “medium-term adjustment” process,
many people in the market believe that the bull market is over.
However, the “total market value of cryptocurrencies”,
has not even broken through the high point of the last round of bull market,
and has not yet reached a new historical high.
Therefore,
saying that the bull market is over now,
is not in line with historical laws.
Don’t rush to judge the bull market as over.
