I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
1. That is overly dramatic.
2. No when Bitcoin has dipped this much in the past it has not led to a bear market. It only dipped 28%. 2017 had at least two ~42% corrections in the middle of its bull run that each took about 30-45 days to get back to pushing new ATHs (and this correction is likely to be much shorter lived because institutions are here to buy all this cheap coin).
3. This bull run has only just started. A prolonged bear market is the last thing you should be thinking about right now. IF there is a prolonged bear market after this bull run, it'll likely start towards the end of this year, many months from now.
4. This is just a normal correction, not even particularly deep, and actually very short in duration, if we've already seen the bottom at $30k. It's an opportunity for strong hands to pick up cheap dumped btc from weak hands. It is an opportunity to stack sats for wise investors.