The crypto community is experiencing a split in sentiment regarding the current bull market. Some members question the lack of traditional wealth effects typically seen in halving bull markets, while others highlight significant gains, with Bitcoin rising from $20,000 to $120,000 and Ethereum from $1,400 to $4,900. The community is closely monitoring Ethereum's recent strong performance and the increased inflow of Bitcoin to exchanges, contrasted by Ethereum outflows. Key discussions are centered around options trading techniques, particularly open interest analysis and the 'max pain' theory, which suggests large positions can exert a 'pull' effect on prices. Additionally, rumors of a potential approval for Ethereum ETF staking features are drawing attention, seen as a possible reason for Ethereum's strength. Meanwhile, inscriptions and SOL MEME are identified as major profit opportunities in the current cycle, despite their short-lived nature.