What Is Bull Market?
A bull market is a sustained period of rising prices, typically associated with strong investor confidence, increasing volume, and broad-based gains across the market. In crypto, bull markets often coincide with Bitcoin halving cycles and see prices increase by multiples rather than mere percentages.
How Bull Market Works
Bull markets progress through stages: stealth (smart money accumulates, few notice), awareness (media coverage increases, early adopters enter), mania (parabolic price action, FOMO, retail flood), and blow-off top (extreme euphoria followed by a sharp reversal). Each phase has distinct volume, sentiment, and on-chain signatures.
Why It Matters for Traders
The biggest challenge in a bull market is knowing when to take profits. Most retail traders hold through the top, turning unrealized gains into losses. Using on-chain signals like exchange inflows, NUPL entering euphoria territory, and extreme funding rates helps identify when the cycle is overheating and it's time to de-risk.
