This is now the second-longest bear market ever for crypto and likely to be the longest. Surviving this is no joke.

With another black-swan in crypto and another leg down, this time due to FTX. We are now officially in the second-longest bear market ever, an achievement I do not know whether we should be proud of. Especially as with the current sentiment globally, this could very well be the most brutal and longest bear market.

Firstly, what is a bear market and how to define it? A bear market is basically a long period where the price remains significantly below the recent ATH. There is no fixed negative percentage to define one (stock markets use 20%) and its measured from ATH to the bear market low.

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LOG chart of BTC on TradingView

As we can now see that we are indeed longer in a bear market than during the 2018 “crypto winter“, even if we have hit our bottom right now (which is highly unlikely).

To become the greatest crypto bear market we are not too dar off either, the 2013-2015 bear market took 415 days, which would put us in early January which is very likely to still be in a bear market.

So be happy as you can soon call yourself a survivor of the most brutal and most long crypto bear market in history and that is not easy. Millions of people left the markets and we are truly the last ones standing. For coming this far and possibly even further, you all deserve a pat on your back. Well Done!