The bull market is fading away bit by bit, I hope people can easily see this already, sit down and do some calculations, BTC was 3800$ in march 2020 and BTC made it up to 68,000$, many altcoins have done 10x to 1000x for example shiba inu, we have seen bull market already just accept it and now bear market will slowly crawl into the space
The onset of the bear market in this situation is optional. The fact that bitcoin and other cryptocurrencies have increased in value over the past two years many times over does not necessarily lead to a bearish period, although it does not exclude it. During this time, the price of the cryptocurrency also fell sharply and there were numerous minor corrections. Now the market can either start to grow in terms of price, since the expectations of its growth are still high, or go for a long correction and turn into a bearish one. But at the end of the year, prices usually rise in this market, not a recession.