It is sometimes hard to accept the reality but I see this event happen in the past holiday season. However, I don't make myself worried about the current situation as this will come to an end someday.
I'd see the economic crisis continue which has a huge impact on our financial capabilities bringing some limitations to investment. We are leaving the year 2022 a few hours from now (forum time) but see no changes since the market, still remains bearish. It is really hard to speculate how long that we are in this situation - red market.
Yes, we are still in a bear market at the moment. There hasn't been much movement and it's been going on for a while. We are also still at -76% since last year's ATH, possibly more dumps in the event of a recession.
Anyway, I can say the market looks saturated at the moment, traders and investors seem more patient and avoid panic when facing certain moments such as Christmas celebrations and the end of the year. But I still hope a lot that we can look forward to the price movement in 2023 or to be precise in Q1. I don't expect $10K to take a hit in the event of a recession, but of course we can't prevent it any more than we can.