Odaily Planet Daily reports that Wintermute stated on X that it is clear we are in a bear market, and in fact, it has been ongoing for some time — especially when looking at the performance of altcoins, the extreme concentration of rebounds, and market sentiment on X. However, what sets this bear market apart is that it was not triggered by structural collapses like FTX, Luna, or 3AC, but rather by macroeconomic conditions and cyclical trend changes, leading to a relatively natural deleveraging process. The core driving forces are changes in positions, risk appetite, and market narratives.
This point is very critical. Since there have been no bankruptcies or systemic contagion, this cycle may end faster than previous bear markets. Infrastructure is more robust, stablecoins are still growing, and institutional interest has not disappeared — it has only temporarily retreated to a wait-and-see stance. Once the environment improves, attention and capital could quickly return — most likely in the second half of 2026, when macro uncertainties decrease and the Federal Reserve’s policy path becomes clearer.
In the short term, after liquidations, positions have significantly lightened, but market confidence remains insufficient. After two months of range-bound oscillation, we are back to the price discovery phase. It is still too early to discuss any meaningful upward trend, but if one appears, its pattern may be more clearly defined than the reversals seen in previous bear markets — because this time, the crypto ecosystem has not suffered structural damage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tom Lee: This dip is a crypto "short bear," no regrets about buying ETH at the high.
Tom Lee stated in an interview that the current crypto market is experiencing a short-term downturn and advised investors to buy in batches and wait for a market rebound. He expects Bitcoin to reach $200,000-$250,000 by 2026, and Ethereum to hit $12,000-$22,000.
GateNewsBot20m ago
ZCash Rallies on High Volume—Can ZEC Reclaim $400?
ZCash surged 24.36% with a 71% increase in daily trading volume.
Price bounced off $184 support, showing bullish weekly structure.
Key resistance between $365-$450 must break before ZEC can reclaim $400.
ZCash — ZEC, has grabbed traders’ attention with a strong 24.36% surge in the
CryptoNewsLand42m ago
Dusk (DUSK) Testing Key Resistance — Is an Upside Breakout on Horizon?
Key Takeaways
_DUSK has gained over 90% in 30 days, outperforming most of the market_
_Price is trading inside a descending broadening
CoinsProbe1h ago
Cardano Price Approaches Crucial Support Amid Oversold Conditions
Cardano's price is at a critical multi-year support zone, indicating a potential market reversal. With oversold RSI conditions and alignment with the value area low, chances for a bullish turn increase, provided the support holds.
CryptoFrontNews2h ago
Here’s Where XRP Price Is Headed This Week
Ripple’s XRP latest headlines paint a mixed picture of real institutional progress, but with bearish pressure still hanging over the market.
SWIFT and Ripple executives reportedly met behind closed doors on February 14, sparking talk of a possible cross-border payments partnership.
A day later, X
CaptainAltcoin2h ago
Shiba Inu Loses Key Support, Experts See Steep 77% Drop Ahead
Shiba Inu broke major support, signaling increased bearish pressure.
Analysts project a potential 77% price drop to $0.00000138.
Parallel Channel breakdown suggests further downside if selling momentum continues.
Shiba Inu has flashed a warning signal that traders cannot ignore. Price
CryptoNewsLand2h ago
