📉 Why Some Say the 2025 Bull Run Hasn’t Really Happened Yet
Crypto: Bitcoin and other crypto prices have seen volatility and corrections rather than a strong, sustained breakout to new highs that would define a classic bull run. Some analysts say Bitcoin’s earlier gains are consolidating, not surging, and the market is in a phase of high fear and volatility.
Stocks: Major indexes like the S&P 500 and Nasdaq are up in recent sessions, but gains are not yet a runaway bull market with clear long-term momentum. Rallying tech stocks help sentiment, but volatility and fundamentals are mixed.
Sentiment and positioning: Fund managers are more bullish than they’ve been in years, but that’s sentiment — not proof of a confirmed bull market yet.
📈 Bull Cases Still in Play
Some analysts believe the market has not peaked and still could show strong performance before year-end or early 2026:
