In this bull market, except for a few mainstream projects that performed reasonably well, most others didn't even reach the expected levels. Many projects in the bull market were forced into deep bear territory—not only failing to rise but actually hitting new lows. As a result, many people missed out on gains throughout the entire cycle.

Old categories like Sol, Okb, Zec, and others saw only a single surge—like a fireworks display—pumping up the price briefly, but never providing a real opportunity to get on board. After the spike, prices just kept falling. I mentioned around 760 for ZEC at that time, but some still looked for 1000. Clearly, in this market, the winners are obvious.

Even established coins like DOGE haven't hit new highs, mainly due to liquidity issues. It's not that they lack potential; it's that the current funds aren't enough to drive rotation among a large number of old projects.

So if you feel this bull market "doesn't feel like a bull market," it's not your problem, nor is it the market's fault. It's a structural bull market—money is only pouring into a few sectors, and other coins don't even get the chance to share the pie.

The current bull market for Dogecoin may already be over, but the next bull run could still see new highs. Dogecoin's wash and rinse cycle has always been measured in years. Of course, compared to other altcoins, you don't need to worry about delisting or zeroing out. Plus, in the next bull market, there's a good chance you'll be able to recover and profit—provided you can hold on. #市场触底了吗？