✔️ Can the sharp drop and historical liquidation that occurred be considered the beginning of the bear market for cryptocurrencies?

✔️ What recently happened in the market with the sharp drop and historical liquidation has reopened the discussion about whether we have really entered a bear market (downtrend) or if what happened was just a strong correction after a violent upward cycle.

✔️ Let's analyze the picture realistically:

Typically, a true bear market is not defined by a sudden and violent drop but by an extended behavior where prices gradually decline over months, accompanied by a loss of confidence, reduced liquidity, and decreased trading volumes, in addition to the disappearance of general enthusiasm from the market. What we see now can be technically described as a harsh correction within an upward cycle that has not yet completed, especially if we notice that Bitcoin is still maintaining historical support levels that have not been decisively broken. However, through fundamental analysis, we are in a long downward wave.

In short:

It is not accurate to say that we are in a full bear market yet, but it is wise to approach the market now with a cautious mentality, as if you are in a "gray area" that could indeed pave the way for entering a bear market if the negative momentum continues in the coming weeks.

The next phase will be a real test for Bitcoin: Can it hold above major support areas or will it confirm a trend reversal?