Recently, the crypto assets market has presented a peculiar scene. Although the prices of mainstream tokens such as Bitcoin and Ether continue to rise, the overall market appears unusually calm. This phenomenon reflects a thought-provoking question: Does a long-term bull run really benefit the healthy development of the market?

In fact, the current market situation resembles a prolonged battle. Large capital operates freely on this stage, while ordinary investors find it difficult to participate due to a lack of funds. This situation has led to a decrease in market liquidity, causing the entire crypto assets ecosystem to fall into a state similar to 'stagnation'.

What is even more concerning is that the derivatives market, especially contract trading, seems to have become the dominant force in this field. This trend undoubtedly increases market risks and may also exacerbate wealth concentration.

Although Bitcoin has not yet entered a bear market, investors still need to remain vigilant. In such a market environment, rationally viewing market trends and cautiously managing risks may be issues that every participant should seriously consider.

Overall, the current cryptocurrency market is at a critical crossroads. How to maintain market vitality while ensuring broader participation will be an important factor in determining the future direction of this industry.