Many people often overlook the significant differences between bull markets and bear markets. In short:

A bear market usually begins with a short-term spike in prices, which then gradually shifts into a sustained downward trend. In contrast, a bull market often experiences a quick rebound and maintains an upward trajectory after a brief price correction.

Before a bear market arrives, despite a flood of negative news globally, the market may still exhibit unusual increases; whereas in the early stages of a bull market, while there may also be some negative sentiment, positive market signals can occasionally emerge.

During a bear market, the prices of the vast majority of cryptocurrencies are highly volatile, with frequent fluctuations between gains and losses; whereas a bull market typically witnesses a sustained rise in the prices of most coins.

One notable characteristic of a bear market is that many altcoins may significantly lose value, sometimes over 90%, within a year or two. Currently, many altcoins are already in such a declining range and may continue to drop in the future.

Only a few promising coins can survive a bear market and recover in the subsequent bull market. During bear market phases, there are more bearish candlesticks on the chart, primarily reflecting downward price fluctuations, making it generally difficult for retail investors to profit, with losses being quite common.

In contrast, during a bull market, trading volume and market activity continue to rise, with bullish candlesticks dominating the chart, and price declines are relatively rare, allowing retail investors to generally profit with fewer instances of loss.