K线人生飞哥
--
Is it a bear market now? Definitely, but I don't think it can last more than a year like before. In the first half of this year, $BTC dropped from 109,000 to 74,000, and $ETH dropped from around 4,200 to about 1,300. The average drop for altcoins is over 70%, so from January to June this year, it can be said to be a bear market. Many people stubbornly say it's a bull market correction, but this is not how a bull market correction works.
Including this wave, BTC has dropped from 126,000 to 80,000, ETH from 4,900 to 2,600, and altcoins have dropped by 80%. This drop can also be considered a bear market. However, with Trump in power, Wall Street entering the scene, and the cryptocurrency market becoming more like the stock market, these factors will make the crypto space resemble the stock market trends more and more, with corrections becoming more violent, and the duration of the bear market will be greatly shortened. Therefore, there's no need to feel hopeless about this bear market. The likelihood of BTC dropping more than 70% like in previous bear markets is low. Once this wave of bear market corrections is completed, BTC may take off again by mid-next year, and when it breaks new highs, don't be surprised. The crypto space's new normal requires adaptation to new strategies; the four-year cycle will end in 2025, and 2026 will mark the beginning of a new cycle. However, this cycle will follow the stock market's cycles.
Of course, the above analysis only applies to $BTC and mainstream coins that have passed the ETF.
{spot}(ETHUSDT)
{spot}(BTCUSDT)
Including this wave, BTC has dropped from 126,000 to 80,000, ETH from 4,900 to 2,600, and altcoins have dropped by 80%. This drop can also be considered a bear market. However, with Trump in power, Wall Street entering the scene, and the cryptocurrency market becoming more like the stock market, these factors will make the crypto space resemble the stock market trends more and more, with corrections becoming more violent, and the duration of the bear market will be greatly shortened. Therefore, there's no need to feel hopeless about this bear market. The likelihood of BTC dropping more than 70% like in previous bear markets is low. Once this wave of bear market corrections is completed, BTC may take off again by mid-next year, and when it breaks new highs, don't be surprised. The crypto space's new normal requires adaptation to new strategies; the four-year cycle will end in 2025, and 2026 will mark the beginning of a new cycle. However, this cycle will follow the stock market's cycles.
Of course, the above analysis only applies to $BTC and mainstream coins that have passed the ETF.
{spot}(ETHUSDT)
{spot}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.