We are still in the bear market I believe. But what I see and observe is that some traders are taking advantage of the market dip which makes them profitable also. I guess bear mode is important because the market needs to go through a cycle and bear cannot be avoided.
Bear mode is necessary but it has gone too far. Traders have almost become helpless because they have not been able to make any profit in the last few months. They got discouraged and abandoned everything in this market. My friend has no confidence in Cryptocurrency because it is always manipulated by people who have too much money. this is not a normal bear mode, this is considered the period of Cryptocurrency disappear.