Right now? It is obviously a bear season. I am not entirely sure what constitutes a bear season tho. Like for example, if only whales sold bitcoin and price went down, is that whale too? Or does it have to be many people selling many bitcoins and the people thinking bitcoin is not good for business right now?
I feel like we should consider the % drop as well, 20% drop is not a bad one and could be considered a bear season but it didn't moved much ever since so it is not keep going down, is that bear season as well. We all know we are not in a bull season right now, that is at least guaranteed because we have gone down 20% in the past 10 days, which means we are not in bull but just because we are not in a bull season how can we say it is automatically bear season all of a sudden.
That is definitely one of the challenges, those terms have different meanings to different people so while some people may think we are in a bear market like you others may believe we are in a bull market and this is a trap and there are other people like me that believe this is neither a bear or a bull market, the truth is that only time will tell us what is the current state of the market, but obviously at that point it will be too late to take any action that could benefit us.