It wouldn't be new for BTC holders for a couple of years to experience bear market(a period of fall in price of Bitcoin , for an unusually short/mid-term period) A period of panic where rational decisions must be taken. If a bear market is inevitable, it has to be handled intricately... No panicking!
Upcoming bearish market is what sometime bother me in this cycle. Not because the possibility of large dump but more of whether it will happen or not.
In this world where everybody is investing in bitcoin, from ETF, institutional, to pension fund and there's many things about to get their capital flow to bitcoin.
I have a shred of doubt that bearish cycle might not be happening but I can 100% be mistaken about this. However, since regulation has been quite tight I doubt something like FTX that can trigger massive dump still exist.
Therefore I bet if there's bearish cycle, it will be a weak bearish.