Everyone is so bearish, here are a few reasons: 1) The ingrained memory of the 4-year cycle 2) Brutal liquidation of altcoins 3) $BTC technicals are looking pretty rough (this one is hard to say) 4) Hovering around the 'top' for a year without breaking through 5) U.S. stocks are already at a relatively 'high level' None of these can really serve as the basis for calling a 'bear market,' they're just possibilities. It's still too early to talk about bull or bear markets—let's wait another month.