Bear Cycle
Multi-month downtrend, typically 70-90% drawdown from ATH.
Bear: 12-24 months. Phases: distribution → capitulation → accumulation. MVRV <1 typically marks bottom. Best buys: Dec 2018 (BTC 3.2k), Mar 2020 (4k), Nov 2022 (15.5k).
In plain words
A multi-month period when crypto prices mostly fall. Classically BTC loses 70-85% from the top within 12-15 months. This is when weak projects die and strong players accumulate cheap. Most life-changing crypto gains come from buying in a bear market, when nobody wants to hear about it.
Example
2022 bear: 69k → 15.5k (-77%). 2018: 19k → 3.2k (-83%). 2014: 1163 → 152 (-87%). Pattern repeats.
Also known as: bessa, bear market, krach krypto