Let's talk about a topic that many people have been asking about recently—will this cycle be the last bull market in the crypto space?

Looking at the performance of major coins like BTC, XRP, and SOL, the enthusiasm is definitely there. But I actually have a slightly different perspective—rather than saying this is the last bull market, it might be the last naive bull run.

Yesterday, I was chatting with a few veteran players, and one friend straightforwardly said: after this cycle ends, he plans to gradually exit the crypto space. The reason is quite practical—he feels that the low-hanging fruit is becoming fewer and fewer, and the difficulty of making money simply by chasing hot trends is rapidly increasing.

However, from my point of view, the situation is quite the opposite. Crypto markets will still have bull runs; what has truly changed is— the rules of the game in a bull market are completely different now. The era where you could get rich quickly through information asymmetry or luck has basically come to an end. Instead, what’s needed are more systematic strategies, deeper research, and a genuine understanding of market structures.

Opportunities still exist, but they are now reserved for those willing to seriously hone their skills.