- Metrics state that the 2022 market was not really brutal of a bear market.
- The market has made around $213 billion in realized losses.
- This contrasts with realized gains of $455 billion during the bull run in 2021.
Despite the tough conditions of the market and the cryptocurrency industry as a whole, a new CNL statistic has shown that the bear market that occurred over the course of the previous year was not as severe as was thought previously.
This is a result of the fact that the market has made around $213 billion in realized losses over the course of the previous year. On the other hand, this contrasts with realized gains of $455 billion during the bull run in 2021.
On the other hand, this is not an isolated incident in any way. It was the same in both the bull market that preceded 2018’s bear market and the bear market that followed. During the market’s peak, realized profits were $117 billion, but during the subsequent down market, those gains were cut in half due to realized losses.
According to the opinions of many experts, a widespread belief exists that the current bear market has the potential to wipe out all of the profits made during the previous bull market and was in a sense “stronger.”
Additionally, the bull market was still quite large when seen in the proper context, and it was inevitable that there would be a bear market in order to correct from levels that were perhaps not sustainable and clear out certain frauds.
Some believe that the current bear market is more severe than past bear markets in terms of percentage decline, but this is still yet to be seen. Many investors are using this bear market as an opportunity to buy low, and strategize their way out of this downturn. Others are hunkering down, waiting for the current bear market to pass before they make any moves.
