Bull Market Maturity

Definition ∞ Bull Market Maturity describes a phase within an upward market trend where significant price appreciation has already occurred. This stage is characterized by broader retail participation and increasing speculative activity. It often follows initial accumulation phases driven by earlier participants. Signs of maturity suggest the market is nearing a peak rather than beginning a new expansion.
Context ∞ Observing Bull Market Maturity helps market participants assess the sustainability of current price levels and potential for future gains. News reports discussing market cycles often reference this concept to indicate whether a market is overextended or if investor caution is warranted. Identifying this stage assists in understanding shifts in market psychology and capital allocation.