What does the decline of Wave C mean and how long will it last?

Wave C decline also applies to the cryptocurrency market wave theory. The trend of mainstream coins, altcoins, and the overall market can be divided into an eight-wave cycle: four waves of upward movement and four waves of downward movement.

Wave 1 is the buildup and rally, Wave 2 is a correction and shakeout, Wave 3 is a major surge with a sharp rise, Wave 4 is a consolidation and distribution, and Wave 5 is the final upward phase of the bull market.

This is followed by an ABC decline wave: Wave A is driven by major players selling off, Wave B is a false rebound attracting buy-in, and finally, the most destructive Wave C decline occurs.

Wave C is the most terrifying major downtrend in the crypto market, characterized by a large drop, long duration, and widespread decline. The decline usually reaches 1.618 times that of Wave A, and at least equals Wave A.

After Wave B ends, the bullish market expectation is completely shattered, leading to panic selling. A rebound followed by a new low is a typical feature of Wave C, which is also a heavy loss zone for futures long positions.