This could very well be the most extreme and strongest downtrend in Crypto. Surviving this will be a big achievement.

The Crypto market cap went from an ATH of $3T to now a market cap of under $1T. All that happened in about 7.5 months. That's a long and deadly drop down. Many who are actually veterans did not see it coming like this and it's still not over.

This bear market had or still has in common that a lot of people did not acknowledge it being a bear market until some major support marks and models were broken. Especially many long-lasting models that were actually made a few years before and were right so far got broken. For example the Confluence Floor model by Plan C (yeah its an actual person and he's actually very reasonable), this model was a combination of a lot of models and hold true till now.

Also marks such as the 200 weekly moving average hit broken and BTC still seems to fall even further. In the past BTC could not stand much below it but now it likely will be below it for weeks or months. Also for the first time ever, BTC is going to touch the lower monthly Bollinger Band.

Obviously all of those models and TA can be broken just anytime. But still all of them being destroyed at the same time and so many people being seemingly wrong just shows the magnitude of this crash. And surviving it will be quite an achievement as many other veterans, billionaires and big funds failed.