This time last year, bitcoin was still around $1000+ and nobody could think or imagined bitcoin is going to rise from 1000$+ to like $18000+. There was a huge market rise of it when closing July, August up till December
That's they thing you see, but still people do nothing but complain about how the markets are nothing but bearish. In December last year, some people had the best time of their lives when bitcoin was worth 20,000$, most of them cashed out, while the others were greedy for the price to continue rising. Bitcoin is still not in a bad spot, it's just that there's not enough hype in the market to speed things up a little.