Bear market
A bear market is a financial market characterized by declining prices, pessimism, and a general sense of negativity among investors. In the context of cryptocurrencies, a bear market is a period in which the price of most cryptocurrencies is in a prolonged downward trend, usually lasting for several months or even years.
During a bear market, investors tend to be more cautious and risk-averse, and may sell off their holdings in anticipation of further price declines. This can create a self-fulfilling cycle of selling pressure, which can push prices down even further.