A bull run is a market phenomenon where asset prices consistently rise over a prolonged period, driven by optimistic investor sentiment and increased demand. In the context of crypto and finance, a bull run can have a significant impact on investors, traders, and the overall market.

*Key Characteristics of a Bull Run:*

1. *Sustained Price Increase:* Asset prices rise steadily over a prolonged period, often breaking through previous resistance levels.

2. *Increased Demand:* Buyers outnumber sellers, driving up prices and creating a sense of urgency among investors.

3. *Market Sentiment:* Optimism and enthusiasm prevail, with investors expecting prices to continue rising.

4. *Increased Liquidity:* Trading volumes and liquidity increase as more investors enter the market.

5. *Speculation and FOMO:* Fear of missing out (FOMO) and speculation drive prices higher as investors seek to capitalize on potential gains.

*Effects of a Bull Run:*

1. *Wealth Creation:* Investors who buy early can reap significant profits as prices rise.

2. *Market Growth:* The overall market capitalization increases, attracting new investors and assets.

3. *Increased Adoption:* Bull runs can lead to increased mainstream