It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
And here we are at $30k and alts bleeding. This is the start, we have a long road ahead. People that were trying to get rich are getting burned and are too proud to cut losses. Ever run there are new sets of bagholders.