At USD 28,000, Is It Still a Bear Market?
Background: Airdrop eligibility was still being discussed in the group, while the market had swung sharply away from the fear of the banking crisis. Today: BTC touched USD 28,000, and someone in the chat asked, “Is this still a bear market?” Impact and next steps: The argument remained open, but the group drew a useful boundary: sentiment could recover while eligibility still required checking each condition.
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Background: Airdrop eligibility was still being discussed in the group, while the market had swung sharply away from the fear of the banking crisis. Night Watchman saw members tying the excitement to the price and worried that a discussion of specific rules would dissolve into a sweeping claim about bulls and bears.
Today: BTC touched USD 28,000, and someone in the chat asked, “Is this still a bear market?” Some looked at the price; others remembered the recent depegging and banking scare. Night Watchman declined to settle the question for them. He suggested discussing market views separately from airdrop eligibility, so nobody would mistake a rally for evidence that they could claim.
Impact and next steps: The argument remained open, but the group drew a useful boundary: sentiment could recover while eligibility still required checking each condition. Night Watchman planned to begin the next discussion with the questions that remained to be verified. No one yet knew where the market would go or what any individual member could claim.