Not sure who needs to hear this but I’ve seen a number place’s recently, “this bear is worse than others”.
It’s not *and* there’s still plenty to go.
It feels “worse” because we’re in depths of it *and* people quickly forget reality once it’s past (how terrible the previous bear felt). Plus for many this is their first.
Since 2013, peak to the start of ensuing bull mkts - the full 🐻- lasted on avg 979 days.
We are currently at day 660 (since ‘21 peak), suggesting 319 more days until next wave up begins.
So, probability wise, there’s still about a year to go.
Halvings are approx. 210,000 blocks.
The last 3 bull moves lasted an avg of 73k blocks.
Meaning bears lasted 136k blocks or 945 days on avg. similar to the above but counting blocks instead of actual calendar days.
With mass adoption comes the psychology of those people’s trading behaviors.
Making modern bears look “different” than they did when it was just a bunch of committed laser 👀’s.
IMO, there is a reason Wall Street is preparing for entry now, the last 6mo. ⬆️⬆️ is crucial to understanding. Again, just my opinion.
