🚨Is it a BEAR MARKET or I am trippin?
And if you're wondering why everything feels so broken right now, here's the actual story nobody wants to admit.
October 10 was the turning point.
Bitcoin hit $126k, everyone was euphoric, and then Trump dropped tariff bombs on China.
What happened next wasn't just a correction - it was systematic destruction.
$19 billion in liquidations. In one day. That's 9x larger than any liquidation event in crypto history.
Over 1.6 million traders got wiped out as Bitcoin crashed from $126k to $104k in 15 minutes.
But here's the thing - markets have crashed before and recovered.
This time they didn't. And that tells you everything.
The liquidity just never came back.
Market makers got spooked and stayed spooked. Order books are still thin months later.
BlackRock's IBIT, the flagship $BTC ETF, has bled $2.7B over six straight weeks. $ETH ETFs saw $224M leave in a single day mid-December.
The only thing getting inflows? $XRP ETFs, because apparently that's where we are now.
Meanwhile, institutional money is running for the exits. Not panic selling - worse. Methodical withdrawal.
The basis trade unwind, position closures, risk-off rotation.
These aren't retail traders capitulating. This is smart money saying "not right now."
And the project quality? Absolutely abysmal.
Nearly 99% are pump-and-dump schemes.
We saw over $3 billion in scams just in the first half of 2025.
The meme coin market is down 65% overall, with tons of coins that hit $1B+ MCap sitting at -99%.
When the barrier to launch a token is under $1, you don't get innovation. You get a scam factory.
The Fear and Greed Index is sitting at 16. Extreme fear.
Google searches for "Bitcoin bear market" just hit five-year highs - higher than the 2021 crash, higher than the 2022 bear.
Total market cap dropped from $4.3 trillion to under $3 trillion. That's $1.4 trillion destroyed.
