One metric shows crypto is now in a bear market: Carl ‘The Moon’

Carl “The Moon” Runefelt says crypto is already in a bear market based on one particular metric — and he’s 50/50 on how 2026 will play out.

Crypto has already entered a bear market, claims influencer and entrepreneur Carl The Moon Runefelt.

He bases the assessment on the average view count on crypto YouTube videos, which has been noticeably lower recently.

In a bull market, like back in 2021, the views on my channel and other YouTube channels were going into the stratosphere, Runefelt tells Magazine, casually patting his cat on the couch in his Dubai apartment.

I got back then, probably like 100,000 to 200,000 views per video, the Swedish-born, Dubai-based 31-year-old says. 

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