I know the past couple of weeks have felt awful. #Bitcoin fell from $126K to $80K, headlines are yelling “crash,” and everyone on your timeline is convinced the bull market is dead and we’re sliding into another 2022 winter. I totally get why it feels heavy right now.

But this isn’t a bear market. It’s a loud, messy, completely normal correction inside a bull run that is still very much alive. Here’s why I believe in this:

1. Zoom out
Bitcoin started 2024 at about $42K. Even after this drop, it’s more than doubled this year. The whole market hit $4.2 trillion in October and is now around $3.1 trillion. A 25-30% pullback hurts, but every single bull market has done this several times. 2021 had five separate 30%+ drops and still kept running higher after each one.

2. This is nothing like 2022
Back then we had real catastrophes: Terra collapsed, Three Arrows blew up, FTX imploded, people couldn’t even get their money out. Right now? Nothing remotely close. Exchanges are fine, ETFs never stopped working, and big players like MicroStrategy just keep stacking coins (they’re almost at 650K #BTC).

3. The macro picture is actually improving
The Fed is done tightening, QT ends in a week, inflation is cooling, crypto regulation is moving forward in the US, and geopolitical tensions are easing a bit. All of that removes fear instead of adding it.

4. Everyone is terrified, which is usually the signal
The Fear & Greed Index is at 15 (extreme fear). That’s the same level we saw right before the massive rallies in 2019 and 2023. When the crowd is this panicked, the next leg up is usually close.

5. This is how every cycle cleans house
Sharp dips shake out leverage, scare out weak hands, and then the market launches again. People who’ve been through a few of these know the script, and it almost always ends with new all-time highs.

So yeah, it stings right now. That’s normal. But if you’re holding or have some cash on the side, this is one of those moments people look back on in a year and say, “I wish I’d stayed calm and bought more.”

The bear market isn’t coming back. It’s gone. The bull just took a breather and shook a bunch of people out. That’s it.

Bookmark this and let's talk again next year.