Well explained. I want to add that one should consider the return on investment when considering bear and bull markets. It is essentially whether or not investing in the coin will net enough profit to cover the risk. For example, if you have a chance of earning $1 but losing $2, I would not take the trade. This is one of the criteria's I use when deciding to enter a stock or crypto. What happens is most people who already bought in are already in and without the injection of new money, the prices will have a tough time going up. Of course, you may not be able to decide the risk/reward every time but it helps a lot.

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