Recently, the crypto market has been swinging wildly, and many newcomers are feeling uneasy. Some keep asking me, “Has this bull run already ended?”

As a veteran who has experienced two cycles of bull and bear markets, I want to say: Pullbacks and fluctuations are part of a bull market. Today, I’d like to share five signals that still give me confidence in the future market. Beginners don’t need to panic over short-term volatility.

1. Liquidity Turning Point Is Near
Next week, the quantitative tightening (QT) is expected to officially end, which means more “water” will flow back into the market. Improved liquidity is the foundation for risk assets to rebound, and the crypto space will benefit — this is the fundamental support for the continuation of the bull market.

2. Negative Policy News Has Been Fully Discharged
The recent CZ incident can be seen as the “bad news” that has fully played out in terms of regulatory pressure on the crypto industry. The current policy environment is clearer, uncertainty has decreased, and off-chain funds are more willing to enter the market. There’s no need to worry about sudden regulatory shocks anymore.

3. Rate Cut Expectations Are Approaching
The Federal Reserve’s meeting on October 30 is very likely to signal a clear rate cut. Once the rate cut cycle begins, borrowing costs decrease, and the market will be more inclined to allocate to high-risk assets. Cryptocurrencies will benefit from this macroeconomic tailwind.

4. Safe-Haven Asset Popularity Is Fading
Recently, gold has been weak, indicating that market risk appetite is rising. Investors are no longer solely seeking “safety” but are starting to look for higher returns — a prelude to funds possibly flowing back into crypto and stocks.

5. Institutions Are Quietly Positioning
Cryptocurrency-related stocks like CRCL and COIN have seen a noticeable increase in bullish options activity recently. This isn’t retail investors; it’s institutional funds quietly building positions. Their moves are often key indicators of the market’s future direction.

A few tips for newcomers:
- Don’t chase after obscure altcoins; focus on Bitcoin and Ethereum for safety.
- Even if you’re optimistic about the market, don’t use your living expenses or emergency funds — invest only with spare money.
- Manage your positions well, set stop-losses, and remember that discipline is more important than predictions.

A bull market is never a straight line to the top; it always involves dips and shakeouts. Only those who stay calm and navigate through the turbulence can truly enjoy the rewards of a bull run.

Most people don’t miss opportunities because they can’t see them — they lack a guiding light. The market is never short of opportunities; what’s missing is patience and clarity.