Bear market

A bear market in crypto is a prolonged period of declining prices and negative sentiment. It often follows a market peak and is characterized by lower lows, reduced volume, and increased fear or uncertainty. Bear markets can last months or years and typically test the patience of long-term investors.

Example:
The 2018 crypto bear market saw Bitcoin drop from nearly $20K to below $4K, wiping out most of the gains from the previous bull run.