Current Situation: Bitcoin Fluctuating Near All-Time Highs
Latest data shows that Bitcoin's current price hovers around $88.70K, down approximately 30% from its all-time high of $126.08K. This wave of correction has not shattered market expectations for a crypto bull run—institutional investors, ETF funds, and the halving cycle's convergence remain the core drivers supporting Bitcoin's medium- to long-term trend.
Many ask: When will the next bull market arrive? To answer this question, we need to understand the historical patterns of Bitcoin's bull runs.
What Defines a True Crypto Bull Market?
Three main characteristics of a crypto bull run:
1. Continuous rapid price growth — achieving multiple or even tenfold increases in a short period
2. Fundamentally driven — not just hype, but backed by halving events, institutional entry, regulatory friendliness, and other substantial factors