The main trigger of the 2021 bull run was the third Bitcoin halving event in May 2020. After two years of mass dump and bear market, the post-crypto bull cycle attracted a lot more attention internationally in 2021. However, the sentiments have now changed, and as per retail investors, the bear market or the crypto winter is here. Moreover, there are no definite indicators that can help in finding out when the crypto bear market will finally come to an end. Every few years, the cryptocurrency and virtual asset sector enters an extended bear market. Bitcoin and Ethereum drop by double digits, while some other assets are completely wiped out. That is what we are again seeing in 2022. Assuming that the cryptocurrency sector will continue to be as cyclical as it has in the past, investors must wonder how long this crypto bear market will last. Here’s a Glance at the Bear Markets Conditions Over the past 3 months, with inflation spiking and recession issues spreading, Bitcoin has dropped from an excess of $48,000 to roughly $18,000. The current Bitcoin price is a long way off from the latest all-time high it hit in November 2021, when it went over $68,000. But even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple of years ago. For Bitcoin, these kinds of ups and downs are nothing new. A few top traders assume we’re in for another painful, extended period of low prices. So, When ...
$285 Million in Bitcoin Shorts Wiped Out
