Bear Market
Plain reading
A prolonged period of declining prices across the cryptocurrency market, often lasting many months. Bear markets are marked by fading enthusiasm, shrinking trading volumes, and a pervasive sense that recovery is far away. They test conviction and eliminate participants who entered during easier times.
The Oracle speaks
The Hermit's winter is long and quiet. The crowd that cheered during the bull run has gone home, and the seeker sits alone with their positions and their doubts. This is where conviction is actually forged, or where it quietly dies. The Hermit does not rush either outcome.