#熊市预警 Is the bear market really here?

The core characteristics of a bear market in the crypto market are a long-term decline in asset prices, accompanied by pessimistic market sentiment and capital outflows, which can be divided into the following categories:

1️⃣ Price Performance

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- Major coins (Bitcoin, Ethereum) enter a continuous downward channel, with declines usually exceeding 50%, and the rebound strength is weak and short-lived, with key support levels frequently broken (slow to rise, fast to fall)

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- Altcoins decline far more than major coins, with most small coins dropping more than 80% or even going to zero, leading to a “widespread decline” in the market. If you are still expecting altcoins to bounce back, don't think about this market cycle.

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2️⃣ Market Sentiment and Capital

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- The Cryptocurrency Fear and Greed Index has been in the “extreme fear” zone for a long time (value below 20); the market is hesitant to act and prefers to wait and see.

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- Net outflow of funds from exchanges, total market capitalization of stablecoins increasing (investors sell off crypto assets to switch to stablecoins for hedging), and spot trading volume has shrunk significantly.