What are the bears in crypto?

During a bear market, investors often adopt defensive strategies to protect their portfolios from further losses, such as diversifying investments or reducing exposure to risky assets.

In the realm of both traditional and cryptocurrency markets, a bear represents an individual or entity that holds a pessimistic stance towards the market's prospects.

Such bears anticipate a prolonged period of price depreciation, driven by various factors including economic downturns, policy changes, or simply a lack of investor confidence.

Consequently, the market condition characterized by a sustained decline in prices is colloquially known as a "bear market."

In contrast, bulls, who hold a positive outlook on the market, are active during bullish periods, seeking to capitalize on rising prices and trends.