According to Miles Deutscher, bearish periods reduce FOMO and help traders stay focused, which can improve execution quality in crypto markets. According to Miles Deutscher, he shifts from short-term scalping to long-term building in bear cycles, emphasizing that this approach tends to pay off more over time. According to Miles Deutscher, he sees more asymmetric opportunities in downtrends, where limited downside can be paired with outsized upside when positioning carefully. According to Miles Deutscher, competition thins out in bear markets, so disciplined participants can gain a significant edge.