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Individual assets losing value is not a bear market. There are multiple technical indicators, most significant of which is investor confidence.
I realize that. Just sayin' if someone bought crypto in the last 3 - 6 months and held they're down 30, 40, 50% or more. The trend has been lower highs and lower lows since November.
That could change tomorrow, next week, or continue the slide. I'm not saying either, just pointing out the trend.