CryptoQuant contributor CrazzyBlockk suggests the current crypto market conditions are not indicative of a bear market. In a recent analysis reported by Decrypt, CrazzyBlockk stated that typical bear markets are triggered by significant losses for short-term investors, leading to panic selling. However, the current market decline has only resulted in losses of 5-13% for these investors. This level of loss is closer to a "mid-correction" rather than the substantial 20-40% losses that typically precede a bear market. Therefore, while the market is experiencing a correction, a full-blown bear market hasn't materialized based on this analysis. Investors should monitor market movements closely for further developments. ```