Bull market over?

The bull market started in the end of 2023 and we had so called ‘mini altseasons’ in Feb/March 2024 and Nov/Dec 2024. Certain coins such as Solana and a few others have run well from the start and certain narratives had their moment such as Memes and AI. The market became euphoric after the Trump election win which caused an inevitable correction followed by Trump and Melania nuking the altcoin market with their own memecoins. Then ever since, the market hasn’t been reacting to any bullish crypto news but any signs of economic uncertainty such as China’s DeepSeek launch and the trade war tariffs, the market quickly dumps. We get a dead cat bounce at the start of the week only for alts to dump even harder despite all the bullish crypto news during the past few days.

Is the bull market over? I understand that it’s very unlikely many of these coins that are down -80% will recover, but I’m hoping there is a chance for one last pump. I just don’t envision where that liquidity will come from.