The term “bear” refers to a market condition where prices are falling or expected to fall. In this context, it indicates a pessimistic outlook among investors and analysts. When people say the market is in a bear phase, they typically mean that the overall sentiment is negative, and many are hesitant to buy. During a bear market, fear and uncertainty can lead to widespread selling.

Investors might hold onto their assets, anticipating even lower prices, which further drives down value. This cycle often creates volatility and can contribute to prolonged downturns. Bear markets can be triggered by a variety of factors, including economic downturns, regulatory changes, or negative news related to specific projects.

Investors may adopt conservative strategies, focusing on preserving capital rather than seeking new opportunities. Overall, being in a bear phase reflects a challenging environment where confidence is low, and market conditions become quite difficult for traders and investors.