In fact, a very simple indicator to determine whether it is a bull market or a bear market is to see if the previously strong market makers are still defending the price?

HYPE, BNB, and SUI are three典型的例子. These three currencies are典型的强庄控盘. The HYPE project team strongly repurchases every month to support the price, BNB is directly controlled by the Binance platform, and SUI has been heavily supported by market makers since September 2024. Even with a large number of unlocks every month, it does not drop. However, now it seems that the market makers of these three currencies have given up on defending the price. It can be seen that even if BTC rebounds, HYPE and BNB are still very weak. According to the previous bull market logic, they would rebound more strongly, but now the trend is getting weaker and weaker, which actually indicates a problem.