Investors and traders are asking whether this marks the bottom of the cycle or just another step lower in a run that has already seen a 25% correction.
Retail panic has been clear. Funding rates on some derivatives desks have turned negative, and newer entrants to the market are showing signs of stress.
Based on reports, large parts of the investor base are worried. That worry is visible in price action and in sentiment gauges that sit at the lower end of their historical ranges.
Some traders are posting bearish calls for attention. Others are quietly adding to positions.
BULL MARKETS DON’T END LIKE THIS!
I’ve been around for multiple bull/bear markets, 2001 dotcom, 2008 housing, 2017 crypto , 2021 crypto etc etc.
When bull markets end , either something breaks or belief in the asset/ market crumbles.
In 2001, people really doubted the…
Ran Neuner, known for his market commentary and social media presence, pushed back against the idea that the pullback signals the end of the bull run.
He pointed to past market cycles — 2001, 2008, 2017 and 2021 — and argued that bull markets usually end only after a real system failure or a collapse of belief.
Neuner stressed that in previous eras, people either stopped trusting the entire sector or the financial system itself broke down. He said neither has happened now.
Changpeng Zhao, CEO of Binance, told investors that heavy reactions to dips are part of the trading rhythm.
“Every dip, some people think it’s the end of time. Time continues,” he said, trying to calm jittery holders and traders.
That sentiment has been echoed by other market figures who argue that corrections can be steep but still sit inside a longer, upward trend.
Every dip, some people think it’s the end of time.
Time continues.
Reports have disclosed that some signs commonly tied to market endings are absent. Governments are reported to be exploring or adopting Bitcoin in various ways, and blockchains are being integrated by institutions in pilot projects, industry observers say.
Global stock markets remain near record highs and liquidity conditions are described by some commentators as supportive.
One analyst even claimed that central banks cannot tighten further right now. Those are strong claims and they are not universally accepted, but they form the backbone of the bullish counterargument.
Featured image from Unsplash, chart from TradingView
