No, Bitcoin is not in its ‘longest ever bear market’ — Here's why
Based on some definitions of a bear market, the current cycle is not the longest crypto winter ever seen and may not even be a bear market. Cryptocurrencies like Bitcoin (BTC) are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers. MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its “ longest bear market ” in history. “Right now, the price of Bitcoin is nowhere near the valuation of the peak in November '21. It's down more than 50% and in a bear market of 490 days,” the trader wrote. Van de Poppe’s statement has brought much attention from X users, amassing 1.3 million views and nearly a thousand reposts at the time of writing. Some crypto enthusiasts, however, are confident that Van de Poppe’s information is not the case. To determine the length of the current “bear market ” in crypto, it’s necessary to understand that there are d...