A lot of people are saying this bear market is worst than the other bear markets even though the others had 70% drop and we are at 50%. But it is true this is much worst than the others and the reason is simple.

If we look at the top 3 from the 2017-2018 bull market which got people into crypto BTC ETH and XRP.

BTC has doubled its 2021 ATH and 6x its 2017 ATH

ETH went over by a few bucks of its 2021 ATH and 3.5x its 2017 ATH

XRP has just about reached its 2018 ATH after failing to make a ATH in 2021

Had every coin performed like BTC then todays prices wouldnt be as bad if we include diminishing returns BTC top at 126k makes perfect sense but the fact that ETH/BTC ratio is this bad is the reason this has been a miserable market. In May 2024 ETH was getting to its 2021 ATH at 3.9k meanwhile BTC was at its 2021 ATH at 69k. Today BTC is at 66k and ETH is at 1.9k the fear is simple if BTC does fall to 45k ETH will ratio wise fall to 1.3k but as drops are worst it will probably go below 1k. In past bear markets the notion was prices wouldnt go below the last bull market top but if things continue ETH will go below its 2018 ATH and thats why this bear market feels bad.

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