Lessons In The Bitcoin Price Bear Market

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This is an opin­ion edi­to­r­i­al by Stephan Liv­era, host of the “Stephan Liv­era Pod­cast” and man­ag­ing direc­tor of Swan Bit­coin International.

Some new­er Bit­coin­ers could be upset about what’s gone on late­ly, espe­cial­ly if they were expect­ing very high highs for bit­coin or no large draw­downs. It seems like in the last few weeks, it has become evi­dent that this is, in fact, a bear/sideways market. 

From peak to trough, we’ve seen a 75% drop from $69,000 to around $17,600. We’ve seen a “cryp­to con­ta­gion” of sorts, with the blow-up of the Luna/UST ponzi, the liq­ui­da­tion of Three Arrows Cap­i­tal (3AC) and oth­er “cryp­to” mar­ket par­tic­i­pants under­go­ing stress, such as Cel­sius stop­ping with­drawals and oth­er enti­ties hav­ing expo­sure to 3AC (e.g., Voy­ager, Block­Fi).



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