Recently, the cryptocurrency market has once again welcomed a wave of rising prices. The price of Ether (ETH) has surged strongly, and the platform tokens of major exchanges have also risen accordingly. BNB has broken through $860, and OKB has climbed to $145. Does this wave of price increase mean that a bull run is truly here, or is it just an old trick of market manipulation?

Market observers point out that the current market situation may be a typical pattern of large capital operations:

1. Quietly positioning: Accumulating chips silently at low levels
2. Strong Surge: Rapidly raising prices, triggering panic buying among investors
3. Positive developments: In conjunction with positive news such as ETFs, public chain upgrades, and meme coin trends.
4. High-level cashing out: Selling at a high level, transferring chips to retail investors.

Mainstream cryptocurrencies seem to play different roles respectively:

• Bitcoin (BTC): Known for its stability, it attracts investment through concepts such as ETFs and national reserves.
• Solana (SOL): After experiencing the meme coin craze, whether it can reach new highs again is highly anticipated.
• Binance Coin (BNB): After two rounds of speculation, is $1000 the new target?
• OKB: Abandon the new issuance mechanism and transform into "public chain fuel" to support the price.
• Ethereum (ETH): Following the Bitcoin route, aiming to hit $5,000 with the ETF concept.

The current market exhibits the following characteristics:
• The exchange leads the increase in coin prices, attracting off-market funds to enter.
• Market narratives are becoming increasingly exaggerated, with slogans like "Bitcoin breaking $10,000" likely to emerge soon.
• Retail investors enter the market in large numbers due to fear of missing out, providing cash-out opportunities for large funds.

Conclusion and Warning:
• Most mainstream cryptocurrencies may be brewing a final wave of increase.
• Although the peak of the bull run may be approaching, this is also the stage with the highest risk.
• Investors should be wary of becoming the last ones to take the bait, and it's important to take profits at the right time.

How do you view the current market situation? Do you think Ethereum will break through $5000, that BNB will reach $1000, or are you worried that the market may crash at any moment? Or would you prefer to take a wait-and-see approach? Regardless, in this market full of opportunities and risks, rationality and caution are always wise choices.