No, this is NOT the “longest“ bear market in Crypto history, people are drawing unlogical lines to click-bait here. We should stick to the truth.

Just some days ago some reports began sparking that this is the longest bear market we are in right now and everyone obviously appreciated that news a lot, especially because it was just another testament of how much pain we endured and would further dement ourselves as one of the survivors from the most brutal Bear market.

Sorry to drop a bomb on that party, but this news is simply not true and articles using it are just following on with a chart that has been completely misinterpreted, have a look here:

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The much used Chart of Year-over-Year performance to describe a bear market

We can see how the previous two bear markets are compared to our current one with the red lines of Year over Year declines, but that is a very vague definition of a bear market (especially if we look closer our 500+ days also include spikes where we were up YoY).

Even more logically it is safe to say that during early 2022 nearly no one felt that we were in a bear market, it just seemed like BTC was recovering from a correction. It was only until the LUNA fallout where BTC seemed to have actually entered a bear market and if we go along with that:

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How I would personally view it, 280 days, meaning the second-longest bear market

We are in a bear market of 280 days, assuming that the bottom is already in at $15k at the end of last year. This would still be the second-longest bear market just after 2015-16 with 386 days. And it just shows that we actually endured more pain than at least the 2018 class. That is still quite the achievement.