for all outsiders that enter this,
you have to understand that the current claim that bitcoin suffers from a "bear market" is absolutely wrong.
the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.
without potential new kapital to attract they are now in a stuck situation, as they cant attract new capital anymore to push the value of their beloved "bitcoin"
this stagnation combined with the automatic liquidity loss (miner electricity and infrastructure bill) leads to a slow drain out of capital for bitcoin.
but thats not all, they also are trapped in a death spiral, as people that use bitcoin as a currency, will pay it to someone who doesnt share their "investor confidence"
through the existing deathspiral the bitcoin "earners" then sell their bitcoin in the market again which leads to a continueing collapse in value.
the whole story about "bear market" is just wishthinking or worse deliberate satisfaction, or moral stabilisation procedures to keep intact their "community".
from a socioeconomic perspective of bitcoins situation
according to logic, you are never in a bearmarket, but in reality in a support loss spiral
regards
You're right with what you said about this current market not to be a bear market but I believed it market correction. Like you said the big whales which you founder manipulated the price of the market by pumping their money into the market and once the price reaches a new ATH the next thing they do is to dump their holding which will lead to them making profit while the new investors are the prey.
