In this episode we analyze why crypto markets feel structurally bearish despite strong global risk assets. We unpack technical indicators showing Bitcoin and Ethereum weakness, institutional positioning and miner selling, and compare two bear market theses: a historical four-year cycle view and a structural price-capping view. We also examine growing institutional adoption and tokenized products that may reshape future cycles, and conclude that patience and accumulation during bear phases likely offer better risk-reward.Subscribe to our daily Free Crypto Newsletter: https://crypto.report