According to Michaël van de Poppe (@CryptoMichNL), the latest market update explores whether the bear market has officially begun for Bitcoin (BTC) and major altcoins. Van de Poppe analyzes current price action, noting increased selling pressure and declining trading volumes across BTC and top altcoins as key indicators of bearish momentum (source: youtu.be/uyr9ttmWDCY). He highlights critical support levels and advises traders to watch for breakdowns below $60,000 for BTC and significant altcoin support zones, which could accelerate downward trends. The update provides actionable insights for traders to adjust risk management and monitor potential reversal signals amid ongoing volatility.