What marks the end of a bull market?

The determination of a bull market's conclusion often hinges on a specific benchmark—the decline of the S&P 500 index from its pinnacle. When this prestigious market index drops by a substantial 20%, it signals the end of a prosperous period for investors.

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This threshold serves as a pivotal point, marking a shift in market sentiment and the reversal of upward trends. The fall below this level indicates that the market has undergone a significant correction, altering the landscape for traders and investors alike.

The S&P 500, as a comprehensive representation of the American stock market, encapsulates the performance of various sectors and industries. Its decline, therefore, reflects a broader market trend, impacting various asset classes, including cryptocurrencies.