Recently, the price of Bitcoin has moved out of the short-term range between sixty and seventy thousand, and altcoins have also started to show very slight rotations. However, the upward momentum is quite astonishing, creating increases of 80-250% in a short time. Some people have begun to shout that a bull market is returning, but in reality, the cryptocurrency market is definitely still in a bear market phase, and it will still take a considerable amount of time to successfully break free.

In terms of the overall environment, the upward push is related to the price of Bitcoin.

From traditional funds to large institutions, they are all starting to deploy Bitcoin. This is why we have been continuously urging everyone to start learning and entering the market when it was around sixty to seventy thousand. After all, large funds have accumulated a lot of low-position chips during this period. The game mode is now completely different from the past, where it was only related to the driving force of retail investors. Naturally, Bitcoin is unlikely to experience the same drastic drops of seventy to eighty percent as it did in the past.

However, the market performance has only been better for Bitcoin and BNB.

Bitcoin has become the global consensus 'digital gold'. As geopolitical tensions ease and capital flows increase, this is effectively pushing the price up. Binance, being the world's largest cryptocurrency exchange, allows BNB not only to be used for paying transaction fees but also serves as the core ecosystem token of the BSC chain. Additionally, activities such as new coin mining and BNB HODLer have made holders reluctant to sell their holdings easily, even when facing market downturns, which has contributed to good price performance.

However, when looking at the top 30 tokens by market capitalization, it is found that aside from the short-term high-ranking hot tokens, many older tokens that have gone through bull and bear markets have already entered a new low range compared to the previous round, and have not yet emerged from it. Even though there has been a slight rebound recently, the price increase remains quite limited.

In addition, the proportion of industry personnel in the objective data has also significantly decreased.

This is also a common data judgment for assessing the market. When you see the market fall into extreme greed, there will be a large number of young coin gods and wealth goddesses appearing, but as the market trend declines, these individuals will suddenly disappear, only to reappear when the market warms up again.

This is also why the Water Brother says that we are still in a bear market stage.

Even if Bitcoin can successfully break through the short-term pressure price of 80,000, the rebound in altcoin prices will not be too much. At this point, accumulating chips at low levels and increasing holdings of low-multiples tokens are options. However, it is essential to avoid opening large positions thoughtlessly during this period; otherwise, before the market truly exits the bear market, you may already be eliminated by the market.