Is it already a bear market? Coinbase's research department stated that both Bitcoin and COIN50 index have fallen below their 200 day moving averages, indicating that the market may be in the early stages of a long-term downward trend. Consistent with the decline in total market value and the contraction of venture capital, both are important features of the possible "crypto winter". I remember three months ago, all institutions and analysts were bullish on Bitcoin starting at $150000 this year! (chaincatcher.com)/article/2177387