#Gate广场AI测评官 Many people have been asking recently: "Is the bull market still here? Has this four-year cycle broken down?"

Every time I see such questions, I want to tell everyone to look up and stop counting days on the calendar of K-line charts.

The so-called "Bitcoin super cycle" may be breaking down. Why? Because previously our cycles were driven by a single event—Bitcoin halving—but now, the world's largest economy, the United States, is influencing this market through policies and legislation.

Why is 2026 relatively optimistic? Not because of any technical indicators, but because the macro environment has changed. Over the past few months, we've seen more countries shift from "rejecting cryptocurrency" to "discussing how to regulate cryptocurrency"—that's a huge step forward.

For builders, please ignore short-term price fluctuations. If you're worried about token prices going up and down every day, you can't build good applications. Prices are determined by market sentiment, and sentiment is always fluctuating. But for long-term builders, 2026 is not an endpoint, but a brand new structural starting point. Don't expect sudden explosions like before; this cycle will be slower, longer, but also more stable.

Let go of your anxiety—this industry is only a dozen years old, and the best is yet to come.