A bear market is a period of several months or years during which securities prices consistently fall. In crypto negative market conditions tend to occur in financial markets after a long bull market since the market tends to work in long-term cycles.
Take the latest Bitcoin “bear market” for example. The most popular cryptocurrency saw explosive growth in 2017, reaching a high of almost $20.000 during its peak.
Shortly after reaching its all-time high, however, the price started decreasing for a period that lasted longer than a year. This long term downtrend is what cryptocurrency investors refer to as a “bear market”.