<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 820 380" width="820" height="380" role="img" aria-labelledby="t d" font-family="'Manrope', ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif">
  <title id="t">A crypto bear market runs on fear, bottoming at capitulation</title>
  <desc id="d">A bear market is a sustained fall in prices, sliding from anxiety through denial and panic to despair. The bottom tends to form at capitulation, when the last sellers give up. CFGI's all-time low, 12, came in a moment of deep, broad fear.</desc>
  <rect x="0" y="0" width="820" height="380" rx="14" fill="#ffffff"/>
  <text x="40" y="52" font-size="26" font-weight="800" fill="#0F172A">A Bear Market Runs On Fear</text>
  <text x="40" y="80" font-size="15" fill="#5A6578">Prices slide as fear deepens toward capitulation, the point of maximum despair</text>

  <line x1="90" y1="320" x2="760" y2="320" stroke="#0F172A" stroke-opacity="0.1" stroke-width="1.5"/>
  <path d="M110,148 C240,168 320,205 430,245 C540,284 630,302 720,308" fill="none" stroke="#DC2626" stroke-width="3"/>

  <circle cx="120" cy="152" r="5" fill="#F97316"/><text x="120" y="142" font-size="12.5" font-weight="600" fill="#475569" text-anchor="middle">Anxiety</text>
  <circle cx="320" cy="204" r="5" fill="#F97316"/><text x="320" y="194" font-size="12.5" font-weight="600" fill="#475569" text-anchor="middle">Denial</text>
  <circle cx="520" cy="277" r="5" fill="#DC2626"/><text x="520" y="267" font-size="12.5" font-weight="600" fill="#475569" text-anchor="middle">Panic</text>
  <circle cx="710" cy="307" r="6" fill="#B91C1C"/><text x="710" y="297" font-size="12.5" font-weight="700" fill="#B91C1C" text-anchor="middle">Capitulation</text>

  <text x="90" y="352" font-size="12.5" fill="#5A6578">Bottoms form at capitulation. CFGI's all-time low, <tspan font-family="'JetBrains Mono', ui-monospace, monospace" font-weight="700" fill="#0F172A">12</tspan>, came in deep, broad fear.</text>
</svg>
