In 2024, the four-year bull market in the currency circle will be completely destroyed

As time goes by, the traditional four-year cycle of the cryptocurrency market seems to have been broken. In 2024, the logic of the bull market has completely changed and is no longer a simple cyclical cycle.

This bull market shows several obvious anomalies. First of all, the phenomenon of "non-acquisition" indicates that the trading strategies among market participants have changed significantly. In the past, the crypto industry usually followed a grassroots approach, but now the significant participation of institutional capital has changed the market landscape. This change has reduced the interaction between retail investors and institutional investors, forming a unique phenomenon of “non-acquisition”.

Secondly, the phenomenon of “almost no sector rotation” also reflects the uniqueness of the market. In previous bull markets, different sectors and projects would rise in rotation, but this bull market has shown a relatively single trend. This is mainly due to the fact that institutional funds are more rational and prefer new narratives such as Bitcoin and AI, DePIN, etc., resulting in reduced attention to other sectors and projects.

At the same time, the rise of Meme coins also reflects market participants’ interest in emerging narratives and projects. Against the background of heavy participation of institutional capital and ETFs, some old narratives and old projects have become uninterested, while Meme coins are sought after for their unique gameplay and social attributes.

The external environment, such as the Federal Reserve’s decisions, has also begun to have an impact on the performance of BTC. In the past, cryptocurrency market gains and losses have been primarily driven by internal factors, such as the emergence of new narratives and changes in investor sentiment. But now, external factors such as the Federal Reserve's monetary policy also have an important impact on the market.

The cryptocurrency bull market in 2024 has shown different characteristics from the past. The participation of institutional capital, the rise of emerging narratives and projects, and changes in the external environment have all made the market more complex and unpredictable. For investors, they need to evaluate market trends and project values ​​more carefully to formulate reasonable investment strategies.

As an experienced practitioner in the currency circle and financial circle for many years, I recommend that investors maintain a rational and calm attitude and not be fooled by short-term market fluctuations. At the same time, we pay attention to new trends and changes in the market and actively look for potential projects and opportunities to achieve long-term stable returns.

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