Sentiment here is starting to feel familiar to late 2017-2018

I’m not saying that this is indeed the big bad bear market yet, but this is how the 2018 bear felt at the beginning. Many “experts” predicting very high price points for Bitcoin and Ethereum after ATHs were recently hit.

Many common investors made some quick cash and thought they were geniuses and thought the green would never end and there was a long road for the foreseeable future because crypto was here to stay and it was truly different.

Then the run just stopped. There was no one event you could point to and say “that’s the cause of the end”. Price just kept going steadily down and with every smaller relief rally, hope and interest started to diminish.

I’m just saying this as someone who experienced this once before to consider the possibility that this run up could be in the rear view and have a strategy for both bull and bear markets.

TLDR: there doesn’t have to be one catastrophic event to go from bull to bear. Sometimes it just happens abruptly without any single culprit