do you think this down market will continues and welcome back to the bears in crypto market again ?
Yes I do and I still do not get why people are so optimistic about the future of crypto market? Bakkt exchange has failed, altcoins are not raising, BTC is falling as well and no massive announcements are coming till the end of this year. For me it sounds like another bearish year.
Market become selective when crypto entered bear market at end of first quarter 2018. Many people started lose their money and become more selective before investment. Also scam projects damaged people so much. As a result of these and more effects market condition changed so much from 2019 to 2019. Nowadays alt coins bleeding mostly everyday. BTC not give them permission to grow. Just strong projects like ETH and BNB try to hold their positions.
If market go green again and start a mini bull, these strong projects will lead.