What was mined before the last bull market was:
Crackdown on various capital markets (plus), crackdown on ICO, Weibo bans (Sun Yuchen, He Yi), Wu Jihan and Zhan Ketuan disputes, and the 312 purge caused by the US stock market circuit breaker caused by the epidemic. (You can add more)
What sparked the bull market was:
VDS and other resonance coins, production reduction, defi, IEO, model currency out of the circle, Ethereum eip-1559, grayscale brand purchase, US release bakkt, chain games, nft, metaverse.
This bull market is:
Mines were decommissioned, exchanges were decommissioned, luna exploded, ftx exploded, genesis went bankrupt, (in short, it was all troubles involving large institutions)
What triggered the bull market: Known production cuts, what else? Please add below