Exacly what is the Reason bull run have not started yet?
There is allready good things happening Bakkt, Binance, bitmex large volumes and so...
Still that all its not enough?
There are hundreds of people who own billions of dollars in Bitcoin. If they do not participate in trading and other events then Bitcoin price will remain in place. This is why Bakkt and other events were unsuccessful and did not affect the growth of Bitcoin -
whales did not do somethingWhales had nothing to do with the market, it is just the weak-handed dumping their Bitcoin instead of hodling. Whales will join in if the said event is useful in the crowd yet they choose not to join. This just means that bakkt is not the kickstarter that were waiting for the bull run.