The greatest trick the bear market pulled was to make us believe it does not exist anymore.

So yeah here we are, $200M Bitcoin long liquidations in a day and a combined $1b liquidations on crypto due to this move down that is barely a 10% move but the biggest move since June 13th. All that after crypto actually started showing signs of life again with the FED not going crazy on a 100bps hike and the US lying their way out of a "official" recession.

So it was safe to say that the debate actually started whether this could be the reversal. Obviously the move to 25k is no reversal or so but could have very well been the start of one due to upcoming good news such as the merger and even the Midterm elections coming which historically presented the best quarter of returns.

But seems like the bear market tricked us. Made us hype things up just so that we could go down again as after the one-two punch from 40k to 19k left everyone dry and set nearly all indicators at all time lows we needed some relief to get back up. And here we got it and now it seems to be back to the real sentiment.