Today's topic:- #Has the Crypto Market Entered a Bear Market?#

The crypto market is definitely showing signs of distress, and it’s hard to argue against the idea that we’ve entered a bear market—or at least the early stages of one. Bitcoin (BTC) dipping below $80K for the second time in three weeks, combined with the Fear & Greed Index sitting at 24 ("extreme fear"), paints a picture of widespread panic and risk-off sentiment. Recession fears and macroeconomic uncertainty seem to be dragging everything down, with stocks and crypto moving in lockstep more than ever. A 20%+ drop from recent highs, as seen across major coins, is a classic bear market signal—though whether this is a full-blown bear cycle or just a deep correction is still up for debate.
🚀Has it hit a local bottom?
It’s tough to call a bottom with certainty, but there are some hints we might be close. Historically, "extreme fear" readings on the Fear & Greed Index (below 25) have often marked local lows, followed by either a bounce or consolidation before the next move. BTC’s drop to $78K yesterday (March 11, per recent news) triggered massive liquidations—over $937 million in 24 hours—which could signal seller exhaustion in the short term. That said, if macro conditions worsen (e.g., recession fears intensify or the Fed holds off on rate cuts), we could still see another leg down. I’d watch for high sell-side volume and a capitulation spike as potential bottom indicators. Right now, it feels like we’re teetering on the edge—could go either way.
☀️At what price would I buy the dip?
For BTC, I’d consider dipping in around $75K-$77K if it holds as support—close to the 200-day moving average, which has been a reliable floor in past corrections. If it breaks below that, $70K becomes a psychological and technical level with strong historical demand. The risk-reward starts looking juicy there, especially if sentiment stays this oversold. For altcoins, I’d wait for BTC to stabilize first—alts tend to bleed harder in these phases, but they also bounce harder when the tide turns.
Coins on my watchlist
🎊Bitcoin (BTC): The king. It’s the safest bet if a recovery kicks in, and its dominance is creeping up, which is typical in bearish phases.
🧬Ethereum (ETH): Still a blue-chip, despite underperforming lately. If it holds above $2,300-$2,400, it’s a solid long-term pick.
🙏🏻Solana (SOL): High-risk, high-reward. It’s taken a beating (down 25%+ since January), but its ecosystem is resilient. I’d eye it below $150.
🎉XRP: Intriguing due to its legal clarity and potential utility. It’s volatile, but a drop to $0.50-$0.60 could be a steal if macro improves.