Even after a pretty good relief rally for Bitcoin and especially alts and Ethereum this week despite the bad inflation data, there is no denying that we are very deep in a bear market right now. And the once in a century kind of bad macro situation with 40 year high inflation (with real data its 70 year peak), has made this arguably the most extraordinary bear market in Crypto yet.
To strengthen this statement, the occasionally used Fear and Greed Index that is meant to show the market sentiment in the crypto markets, has been at "Extreme Fear" territory for now 72 days in a row. That's the longest period that has EVER happened. And you can clearly see that in the charts too, we did not have any meaningful rally since April.
The markets are in a situation they never been before and on July 28th crypto will see its first recession is history. The coming waters are very uncharted, so be cautious or the whales will eat you up.
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