For the most part of the year, what we have seen in cryptocurrency market as been anything but bullish market. There are of course occasional bounces in price, but those increase are short lived.
Yes for those in this market long ago the price is still bulling but those who invest in January this market is hell for them. Imagine investing at January at the price of $19k then drop at $6.5 as of today. I don't know what they are doing right now but i know the feels.