Bear Market
An extended macroeconomic period characterized by falling asset prices, widespread investor pessimism, and prolonged capital contraction.
In-Depth Explanation
In cryptocurrency cycles, bear markets often see top-tier assets decline by 70% to 85% from all-time highs over multi-year corrective phases.
Practical Market Example
Real-World Application
The 2022 crypto winter saw Bitcoin drop from $69,000 to approximately $15,500 amid industry deleveraging.