Is it a bear market now? Definitely yes, but I don't think it's possible for the bear market to last over a year like before. In the first half of this year,
$BTC dropped from 109,000 to 74,000,
$ETH went from 4,200 to around 1,300, and altcoins saw average declines of over 70%. So from January to June this year, you could say it was a bear market. Many people insist it's just a bull market shakeout, but bull market corrections don't usually look like this.
Even with this recent drop, where BTC fell from 126,000 to 80,000, ETH from 4,900 to 2,600, and altcoins dropped 80%, this kind of decli