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
I agree with you regarding the statement that there needs to be a period of correction or of falling prices in general when there was a long period of strong growth before and we already witnessed that back in May this year where a lot of smaller cap altcoins lost like 90% of it's value. Since last week we are seeing falling courses again but so far i still think that we can call this a correction and that we are not into a full bear market. I also don't think that just because it happened in 2018 that we necessarily have to witness another 2 years bear market again like we did back than. I think that the nervous market of the last week was caused by that rumors regarding china and Evergrande.