The glory days of the cryptocurrency market bull run are a thing of the past; the current market is not a temporary correction but a fundamental trend reversal.

From historical patterns and technical indicators, multiple warning signals have already clearly appeared: the breakdown of the large ascending wedge pattern, the arrival of a cyclical market transition point—all clearly indicating that the market has entered a critical stage from bull to bear.

The large-scale liquidation event on October 11 is not simply the end of a correction but a sign that the bear market has officially begun. Attributing this decline entirely to panic selling triggered by Trump’s remarks is a misunderstanding of the market’s nature—the trigger point is never the fundamental cause of a trend change. Just like the sharp decline in the US stock market in April this year, the apparent phenomenon has long been underpinned by inevitable market logic. The real core issue is that the bull cycle has been exhausted, and a market pullback has become an unavoidable result.
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