We are not in a bear market, we were simply caught in trap. Some people say that the market was pumped before Coinbase IPO or oversaturated with money. Now, when the hamster has bought at high COIN, it was time to make a major drop. It does not look like a correction either, because loosing 9% in a single day is a lot. If I'm not mistaken, since February, today market felt the biggest drop so far.