The crypto flash crash on Oct. 10, 2025, started the bear market with a bang. Nine months into the slump, most crypto majors have lost at least 30% of their peak value; some investor have been saying that Bitcoin (BTC +1.44%) is dead; and many altcoins have experienced plunges in excess of 95%. But in recent weeks, there have been a few inklings suggest the end of the bear market may be in sight.

Hyperliquid (HYPE 0.27%) is flirting with an all-time high; Solana (SOL +1.34%) is up 16% in a month (as of July 8); and Ethereum (ETH +1.27%) is clawing its way back from its June lows. Are those things just a coincidence, or is there a real chance of the bear market ending soon?

Image source: Getty Images.

The case that things are looking up

One…