NASDAQ Enters 3rd Bear Market in 3.5 Years

As of todays close the NASDAQ has entered its 3rd bear market in 3.5 years, way above the historical average frequency of bear markets:

Late 2018 – 22% drop

Spring 2020 – 29% drop

Spring 2022 – 20% drop

Remarkably the index is also up around 60% from August 2018 to now.

Does it mean it's a great time to buy or give more room to fall? I tend to think it's a good time to buy, but acknowledge there may be more short term pain.