The crypto market is entering a critical juncture as this bull run accelerates toward its defining moment. Several factors are converging to reshape the landscape.

On the regulatory front, major jurisdictions are finally delivering clarity. What was once murky bureaucratic terrain is becoming navigable—and that's a game-changer. When governments stop guessing and start legislating, legitimate players gain real footing.

Meanwhile, altcoin ETFs are evolving from pure speculation into legitimate structured products. The shift from "this might moon" to "this is an institutional asset class" marks a turning point. Retail was already here; now the infrastructure is catching up.

The real question isn't whether the bull cycle continues—it's how it transforms when regulatory guardrails and ETF vehicles start operating at scale. Market structure matters. Clarity matters. And right now, both are accelerating.