Glossary
Bull Market
A prolonged rise driven by new demand, easy credit and rising confidence.
A bull market is a sustained rise driven by new demand, easy credit, and rising confidence. In crypto it usually arrives with leverage, memecoins, and a flood of first-time buyers.
Bull markets hide bad decisions. Positions that would look reckless in a flat market get validated by price going up. That is why most losses are actually made during the good times and only realised later.
Related terms
Airdrop
Free tokens distributed to wallet addresses, usually to reward early users of a protocol.
AMM
Automated Market Maker — a protocol that prices assets with a formula instead of an order book.
APR vs APY
APR is the yearly rate without compounding; APY includes compounding and is always higher.
ATH
All-Time High — the highest price an asset has ever traded at.
Bear Market
A prolonged decline, conventionally 20% or more from recent highs.
Block Explorer
A site for viewing every transaction, wallet and contract on a blockchain.