Bitcoin Bear Market — Centralized Exchange Platforms Take the Hit and Make Massive Layoffs
Bankruptcies are possible, and it is urgent to take possession of your private keys.
A Bear Market usually consists of 7 distinct phases. In all likelihood, we are currently still between phases 4 and 5. We are between panic and accumulation/stabilization. Looking at the current state of the Bitcoin Fear & Greed Index, it is still the panic phase that is predominant: