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.
If the prices doesn't fall, we can not find good buying chances and of course making good profit chances. So, I think bear season is so important for the crypto traders.
At least in the long run that makes sense, if everything is just up all the time then it gets very hard to pick an investment as everything seems to be overrated and overheated. Without Darkness there would be no light.