The crypto world has many things in common with traditional financial stock exchanges, and a metaphor represents these things. One such word is BULLS and BEARS which represents buyers and sellers., There are similar terms, rules, and principles. “Bearish” and “Bullish,” are terms used within any financial markets that involves trade, whether be it the traditional stock markets, or cryptocurrency markets.
The terms bear and bull are used to describe general actions and attitudes, or sentiment, either of an individual or the market. The characterizations were designated because of the respective animals’ methods of attack.
Bull is associated with the rise in the crypto market, the reason being, that when a bull attacks, it places its head down and points its horns to the target then it pierces the target and pushes its head up using massively strong neck muscles and tossing the victim UP in the air. While a bear always pounces on its victim or prey. Raising its hands and pressing hard down against the ground.
That is to say when cryptos are up 20% from a low; we’re in a bull market. Also, when cryptos are down 20% from a high, we’re in a bear market.
When there are positive changes in the cryptocurrency rates, investors have a good feeling about the market, and it becomes easy to go bullish and watch the crypto keeps growing.
“Bears” are often referred to as buyers, traders and other people who strive to buy crypto at low rates or believe that crypto market is heading down.
Hope You know understands why the buyers are referred to as BULLs and sellers Bears?
We wish you happy trading and many profits ahead.