It's observed that $BTC may have entered a bear market around October 6, 2023. This would mean we are nearly 4 months into this period. $SYN $ENSO

Historically, a typical bear market cycle, from peak to trough, often spans approximately one year. $CLANKER

Based on this historical pattern, the market could already be 32% through its current downward phase. This suggests a significant portion of the cycle may have already unfolded.

Many participants often recognize bear markets late, a common sentiment in past cycles. However, this current progression indicates we might be well past the initial stages, offering a potentially more advanced position within the market cycle. 📈