Im curious as to why many people "hope" for a bull run? How is this bull run gunna happen if everyone is hoping for a bull run.
most people hoping for a bull run are bagholding---they bought higher than the current price and want to get back to break-even or profit. it's rational for them to want higher prices.
people who want to accumulate bitcoins are happy to see lower prices. not everyone is hoping for a bull run.
I essentially think the mega run was last year, why would any new money come into it after what happened last year? People saw the rise and the crazy fall and loss it does. No one is in it for technology its all about wanting to get rich. I don't see how people think a bull run is coming.
personally, i think it's too soon for a bull run. the late buyers and people who bought to get rich quick are unlikely to be rewarded by the market. markets like to punish people who aren't patient.
however, there is some precedent for fast bear market recoveries in the bitcoin market. 2012 and 2013 are two examples where price reversed from a bear market very quickly, within a matter of months.
All i see in crypto is PURE speculation and everyone will agree with ANYTHING that helps them secure there beliefs in there own investment.
the market is rife with speculation. the problem with your analysis is that you're hyper-focused on one segment of investors. you're not considering the whole underlying ecosystem and prospects for adoption, but rather current investor sentiment.
it seems like most old timers are open to a continued bear market and are not predicting a bull run in the near future. it's the bagholder newbies that are hopeful and in denial about the possibility that their losses will continue. that's how it always works.