Bear market vibes? 🐻

Bitcoin crashed to a six-month low under $95,000 on Friday, prompting chatter over whether we've entered a bear market—but not all analysts are convinced just yet.

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Bitcoin dove below the $95,000 mark on Friday, continuing a slide that has seen the coin fall by nearly 24% since setting a new high in early October. Crypto market vibes are rough right now, no doubt, but should we call it a bear market?

Depends on who you ask. Decrypt spoke with multiple analysts on Friday amid the crypto carnage, with one CryptoQuant analyst saying that it could ultimately look more like a “mid-cycle correction” if new entrants can secure some gains, while others said the data currently supports the bearish label. So… maybe?

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