People often talk about bull and bear markets, but how exactly do you tell them apart?
During uptrends, small-cap tokens tend to be more volatile than Bitcoin; during downturns, they also tend to suffer deeper drawdowns.
“Cycles” are a way of summarizing past price movements, not rules written into a protocol. With limited data and changing conditions, past patterns may not repeat in the future.
Many people use the price movements of $BTC to describe the current phase of the crypto market as a whole.