Bitcoin has tumbled roughly 20% from its recent peak and briefly slipped under $96,000, prompting debate among analysts about whether the crypto rally has reversed into a bear market. Opinions are split between a normal correction and signs of deeper weakness.
A crypto expert called the current downturn the "Easiest Bear Market Ever" as Bitcoin slid below $100,000 to a six-month low and altcoins recorded heavy losses. Market sentiment is tense and volatility is rising, though some observers stop short of declaring a full bear market.