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Crypto
BEAR MARKET

MARKET-CLEANSING BEAR CYCLES ARE HEALTHY ACCORDING TO INDUSTRY EXPERTS

According to analysts, the crypto bear market should not be dreaded because it gives potentially greater opportunities for profits and growth than a bull market.

Crypto markets are undoubtedly bearish, but some industry insiders believe that these circumstances will shake out the bad actors and make greater opportunities for participation in the future.

Traders tend to regret the negative price action and relative dilemma in achieving profitable trade in bearish market situations. Moreover, several leading analysts and builders agree that this is the time to make decisions that will lead to the greatest gains when bullish tendencies come back.

According to Polygon Co-founder Mihailo Bjelic to CNBC on Friday, the present downturn and recent major sell-off earlier this month were just what was necessary for the market.

Bjelic believes that the market became “maybe a little bit irrational, or maybe a little reckless,”, as the total market cap increased by 12.5 times between November 2019 and November 2021, an outstanding growth rate that surpassed most other traditional markets, “When the times like that come, [a] correction is normally needed, and at the end of the day [is] healthy.”

RELATED: MARKET INDICATORS STILL GESTURES EXTREME FEAR BETWEEN CRYPTO INVESTORS

The market is in the middle of a major correction at the moment. Since last November, the total market cap has decreased by 60% from $3 trillion to $1.2 trillion, according to CoinGecko. Cointelegraph revealed on Saturday that traders still await more pain, especially keeping in mind the last bear market shed prices down about 80% overall.

Crypto market analyst DeFi Edge contributed to the idea that the bear markets come with benefits that remain in line with the interest of most market actors. The account tweeted on Sunday that “bear markets are healthy for the growth of crypto.”

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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