Some traders have embraced what might be a Crypto Spring, while others are still skittish and scarred by the bear market. “It’s tough for traders. We’re human beings, we’re emotional,” says Christopher Inks, who runs the trading group Texas West Capital. Inks says that for many traders who were so accustomed to the sluggish price action of 2022, “there’s a recency bias, and it can be hard to get the idea that the bottom is in.” Inks, like Zduńczyk, is a believer in a new bull market, as “the fact is that we’ve been rallying for just about a year now.”