Are crypto prices already out of the bear market?
Technically speaking...
Yes, yes they are.
What do I mean by that?
Well, if you do a tiny bit of digging you will see that the definition of a bear market is defined as a market where an asset is down by more than 20% off its highs.
We check that box easily...
However, a further bit of reading states that when an asset bounces roughly 20% or more off its lows it is said to no longer be in a bear market.
Well....
Bitcoin is roughly 33% off its lows and many altcoins are 50%-100% off their lows.
Which means...
Technically, by the definition given above, we are already out of the bear market. :)
(Source:
)https://twitter.com/hal_kho/status/1112065356061765634
- hal_kho
So, the next time someone tries to tell you how bad this bear market is, just tell em we are already out of the bear market.
(That's not to say we couldn't fall right back into a bear market, but it is interesting to note never the less.)
Either way, it makes for an interesting talking point.
Stay informed my friends.