What would you consider short? I'd say we were in a bear market until July, at least, right?
My thinking is that a lot of newbies will buy in, panic sell and get burned. Then they'll exit or sit on the sidelines. What proportion -- I have no idea.
July? Why would you think that? If you mean we won't bubble again until then, then I agree. We spent only 3 months in a bear market after April. Crash April 10, last low July 4. I expect this bear market to be shorter. The development and usefulness of bitcoin is accelerating.