I believe the stock market definition of a correction is a drop of 10% and a crash is a drop of 10% in a day, whereas a bear market is a drop of 20%! This is difficult to apply to crypto where we see that sort of volatility in normal trading. Only time will tell I suppose.
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I am not really sure about the crypto market now, feel like lost a lot of money in a short term already. For the long term, who knows how long will it takes