Price and hash rate correlations during bitcoin bear markets. 2011: 0.34 2013: -0.49 2014: -0.78 2018: -0.76pic.twitter.com/ql4aMjyp6g
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Idk. I'd say lower lows over a period like a quarter or two, but outside of the volatility would be a bear market. So if volatility is 5% the new low would have to be 5% lower. Wild theory came up with on the spot.
We hit $6k in Feb, $5800 in Apr, and now we're at $7k, where's the bear market?
Even by the traditional definition the last Q2 and Q3 have been flat, so it's not a bear market.
I'd give you you Q1 was a bear market.
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