Cryptocurrency enthusiasts are debating whether Bitcoin is currently in its "longest bear market" in history, as claimed by MN Trading founder Michaël van de Poppe. Some argue that the terms "bull" and "bear market" are subjective, while others suggest that Bitcoin has been in a bear market since reaching its historic peak near $69,000 on Nov. 10, 2021, or for 659 days. However, Bitcoin once saw its price below its previous highs for a period of 37 months between November 2013 and January 2017. According to some classic definitions, a bear market happens when a market index or asset declines by 20% or more from its recent high, which may not currently be the case for Bitcoin.