Common characteristics of a bull market in the cryptocurrency circle include:

1. Both Bitcoin and Ethereum have broken through the historical highs of the previous bull market, which is a sign of the start of a big bull market.

2. The Nine Gods Index AHR999 exceeds 10, while the AHR999X Index is less than 0.2. In addition, Jiang Zhuoer's 60-day increase index has exceeded 80% for consecutive days. Basically, this is the top of the bull market.

3. The daily K-line prices of Bitcoin and Ethereum deviate from the 60-day moving average by more than 30%, and the 60-day moving average continues to rise. This shows that people who enter the market at various time points are making money.

4. The 30-day, 60-day, 120-day, and 200-day moving averages are dispersed, and the chips are beginning to be unconcentrated. Everyone makes money, and the market becomes very dangerous at this time.

5. Exchange activities are becoming more and more frequent, and there are basically 1-2 activities every month. Each project party takes advantage of the bull market to launch projects and strive to sell them at a good price.

6. There are news of getting rich everywhere in the circle of friends and groups. You have also made some money and started to get a little excited, thinking that you can also get rich.

7. The market value of Bitcoin has fallen to about 30%, because the altcoins have risen absurdly, with a market value of hundreds of billions. At this time, the risk is already very high.

8. The trading volume has increased dramatically, and the daily trading volume can reach hundreds of billions of US dollars, and the handling fees have also soared.

9. The Ethereum Foundation began to sell coins frequently, and their wallet assets flowed into the exchange and began to cash out.

10. Good news in the market came one after another, each story was different, and the market was full of optimistic voices.

These signs are basically the standard pattern of the bull market. If you find these phenomena, it may be the end of the bull market, so be vigilant.