Seeing the recent ups and downs in the crypto market, many newcomers are feeling uneasy. Some keep asking me, "Has this bull market already ended?"

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

1. Liquidity turning point is approaching.
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. Policy negative signals have been fully released.
The previously closely watched CZ incident can be seen as the "negative news" for crypto regulation being exhausted. The current policy environment has become clearer, reducing uncertainty. Off-market funds are more willing to enter the market, and there’s no need to fear sudden regulatory shocks.

3. Rate cut expectations are gradually approaching.
The Federal Reserve meeting on October 30 is likely to signal a clear rate cut. Once in a rate-cutting cycle, the cost of capital decreases, making the market more inclined to allocate to high-risk assets. Cryptocurrencies will receive an important macroeconomic tailwind.

4. The popularity of safe-haven assets is waning.
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 assets with higher returns—this could be a prelude to funds flowing back into crypto and stocks.

5. Institutions are quietly positioning.
Cryptocurrency-related assets like CRCL, COIN, and others have seen a noticeable increase in bullish options recently. This isn’t retail behavior but institutional funds quietly building positions. Their moves are often important indicators of the market’s future direction.

A few tips for newcomers:
· Don’t chase after niche altcoins; focus on Bitcoin and Ethereum for safety.
· Even if you’re optimistic about the market, don’t use 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 judgment.

A bull market is never a straight shot to the top; there will be twists and shakeouts along the way. Only those who stay calm and navigate through the fluctuations can truly enjoy the rewards of a bull run.

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