Just a drop or start of the bear market?
In short ........ I don't know, but currently the stock valuations are higher than ever, and it's cyclical.
Long version?
We are pretty much at an ATH, and a bear is just a part of the cycle. Or we get even more than that, something like a jubilee / debt reset.
You can see that we are almost or already in a recession. It rises slowly, and then it spikes.
EU economy even worse, totally fucked (by their 'ally', the USA, bombing the Nordstream pipeline). Even if all the 'refugees', that have been supposed to be cheap labor for the factories (best case scenario) wanted a job now, they'd have to move to China, as all the factories are being closed because of the insane politics and energy prices in the EUSSR.
https://en.topcor.ru/45343-flagman-nemeckoj-avtopromyshlennosti-polnostju-uhodit-iz-germanii.html
Even Volkswagen is closing down everything as well now.
Morgenthau plan and Kalergi plan at the same time.
https://en.wikipedia.org/wiki/Morgenthau_Plan
Oh, does anyone want to laugh or cry about the stupidity of the German carbon agenda and their stupid laws to outsource their money to China, without anything in return? Governments hate their own people.
https://www.dw.com/en/how-a-chinese-firm-ran-a-billion-euro-carbon-credit-scam/a-71010148
Nobody expected the Ukraine conflict (not less than a senseless genocide on young people - on both sides) to last so long, even less people expected the genocide in middle east, which is expanding daily by the war criminals without any opposition besides of empty talk (and not even that). But why would anyone be surprised about it, just look at the leaders and their 'friends'.
https://globaleuronews.com/2023/06/...o-putins-comment-that-zelensky-is-not-jewish/
https://www.jewishvirtuallibrary.org/jews-in-the-biden-administration
https://www.vtforeignpolicy.com/202...rumps-jewish-advisers-and-pro-israel-cabinet/
Now Canada is stealing weapons from their cuck citizens and donates them to Ukraine, it means they will all land on the black market and be distributed all around Europe. Wait, why is Trudeau so scared of his own people?
https://www.usnews.com/news/world/a...irearms-and-proposes-donating-guns-to-ukraine
No one expects CN-TW conflict getting out of control now either, but every thinking person can see that it would be the perfect time for that, as the US and its lackeys are busy using up their weaponry elsewhere.
Oh, not to forget that our favorite overlords, predicting 'shock events' and 'cyberattacks':
https://web.archive.org/web/2024081...sks-to-look-out-for-in-the-post-pandemic-era/
Sorry for all that off topic stuff, but black swan events are a thing. The 'cyber-attacks' are being announced by the WEF for long time already, as was their plandemic, so that the time might be ripe soon. Not that it would cause much harm to BTC itself, but if the internet would be affected it could affect our ability to trade it as we do today, and the stock markets too.
All of that might be poison for the financial markets.
Fortunately I am already far away in 'lala-land' myself, where I could care less about all of that, as it won't affect me physically, and I am pretty sure the internet will be still working here if s**t goes down. Maybe I'll even turn on the ASIC miner if the time comes.
I am not a doomer, but every year I see more and more weird s**t happening.
Prepare for the worst, hope
for the best.