I just looked at the BTC price and found something interesting. Currently, BTC is at $66.90K, much higher than previous predictions. This makes me want to share a concept that everyone involved in crypto should understand — what is a bull run and how does it affect the market.

What is a bull run? Simply put, it’s a period when most investors are optimistic, demand exceeds supply, market confidence is at its peak, and prices are continuously rising. When you see prices trending upward rapidly in a certain market, it could be a signal that investors are becoming more positive about future prospects.

The beauty of a bull run is that it creates a positive feedback loop. When people see prices going up, they want to buy, which pushes prices even higher, attracting more participants. That’s why market psychology is so important — it has a huge influence on the prices of crypto assets.

Some investors try to predict when a bull run will start by monitoring market sentiment indicators. There was a theory that a bull run would begin when BTC surpasses $48,000, but given the current price of $66.90K, it seems we are already in a bullish phase. The key is understanding what a bull run is to help you identify opportunities and risks in the crypto market. If you want to track BTC prices and other assets, Gate has all the tools you need for analysis.