The hopium you need today: The next bull run will probably be the biggest one by total market cap relative increase

There are several events piling up for the next 18 months.

1. ETH2 will be unlocked to unstake in about 6 months. After that, weak hands may drop the price to lower lows.
2. This time of the BTC cycle and moving forward, the global cryptocurrency market cap normally sees the lowest values.
3. The monetary policy is expected to be hawkish for at least the next few months, as a response to inflation, further suppressing prices.
4. The global economic situation is dire with most major economies hitting a recession at some point in 2023 (if not earlier) further dropping the prices. Not to mention the inflation, the war, the energy crisis,...

So we may see a very deep dip in the following months (possibly even 12 months). Similarly to the current perfect storm that we see today; when the bear is over, we should see the perfect storm for one of the strongest bulls ever to take off[:]

1. Ethereum PoS rewards HODLing (and staking), compared to mining and selling to run the mining operations (buy hardware and electricity). We should see stronger hands and prices going up; after the weaker hands are out. (The Matthew effect would be an interesting topic, for another day).
2. The BTC halving will happen by the [end of March 2024]. BTC halving has regularly triggered bull runs in the past.
3. The monetary policy should pivot when the recession becomes a bigger problem than inflation. The effects of monetary policy are not immediate in the economy but may be in speculative markets. Weak hands should be out by then. Arguably, weak hands should be out by now, but some cannot do that (e.g. ETH2 staking). Quantitative easing always causes bull runs.
4. The global economic situation will hopefully improve, at some point. Otherwise, there may be no more bull runs, but extinction ahead, which technically makes any assertion about bull runs "true".

Having said that, personal opinion:

1. We might not have seen the lowest lows of this cycle yet. The bear may not lose its strength until the second half of 2023. I know some people have the opinion that [this is the bottom], but new lower bottoms are just possible because the global and macro economic situation is different (and much worse) than previous bottoms. For example, in a recession, some HODLers may be forced to sell at a loss when shit happens. To what extent this might impact the prices is everybody's guess. Bear markets are usually not that long, but these are truly unprecedented times.
2. Some of the coins may not reach today's levels at the peak of the next bull run, even if we only consider the top 100. (There are regular posts in the sub reminding you that your most hyped alts may not make it to new ATHs).
3. There will be FUD, and there will be good news about adoption and technology. In the big picture, they nearly cancel each other out. The points discussed earlier have greater weight. All in all, it is a fairly [bullish bear], comparing cryptocurrencies with other markets in "the everything bubble".

DYOR and stay safe.

Note: While bull runs get larger in absolute numbers, as the cryptocurrency market grows, they get smaller in relative numbers (think of percent of change, see why [you should be using logarithmic scale])

PS: I am not a financial advisor or an expert, I am just a simple Moon farmer. HTH. HAND.