Study Notes | Bull and Bear Markets
① Macroeconomic liquidity, interest rates, regulatory policies, and major industry events all affect the phase of the crypto market.
② Stock markets often define a decline of more than 20% from a peak as entering a bear market; the crypto market has no universally accepted definition.
③ When you see predictions about “how much farther this cycle can go,” ask what they’re based on, and don’t mistake someone else’s forecast for fact.
$BTC 76822.32（-2.06%）
① Macroeconomic liquidity, interest rates, regulatory policies, and major industry events all affect the phase of the crypto market.
② Stock markets often define a decline of more than 20% from a peak as entering a bear market; the crypto market has no universally accepted definition.
③ When you see predictions about “how much farther this cycle can go,” ask what they’re based on, and don’t mistake someone else’s forecast for fact.
$BTC 76822.32（-2.06%）