It's fair to say that a whole bunch of people that aren't in crypto atm are waiting to jump on the next bull run.

The 2017/18 was the first mainstream news grabbing bull run. It was still very niche, not understood at all and difficult to get into. After the crash most people chalked it up to a once off, and moved on.

This bull run was suddenly talked about everywhere with a much much larger group people getting in. It has formed part of the zeitgeist of this period. Still a large percentage of people stayed on the sidelines watching the action play out, skeptical of the whole thing, but more aware then ever before.

I think it's fair to say a lot of people no matter how they feel about crypto (there will be alot of I told you it was a scam in the media these next few months) have now realised that these stellar runs aren't a once off. That if they throw a small sum in at the bottom they might get in on the next one. Basically the defacto lottery of our time.

I do think this will change how market bottoms will look. Whereas before the brutal drop killed all talk about crypto and generally most holders sold more then bought, so long periods of no action. Now I suspect it'll be a defined period of the bottom being declared followed by a general upswing as people claim their ticket for the next bull run.

Time will tell after the blood stops following, with the dead giveaway of increasing new holders. Which can be determined from on chain data.

TLDR: The 20/21 crypto pump will be publicly dissected but counter to the prevailing attitude, people will throw in a little in the hopes of catching the next pump, changing the nature of the crypto bottom going forward.