How exactly do people distinguish a bull market from a bear market?
In the stock market, a decline of more than 20% from a peak is commonly considered to mark the start of a bear market. The crypto market has no universally accepted definition.
“Cycles” are a summary of past price movements, not rules written into a protocol. There are few data points, and conditions change, so past patterns won’t necessarily repeat in the future.
Many people use the price movements of $BTC to describe the current phase of the entire crypto market. Current price: 82488.47.

#9月CPI来袭原油美债走势如何