I am still very much long the market, but by looking at the top 10 coins it seems like we are at the lowest trading volumes for the past year at least (on average). This might actually signal the end of the bear market, where sellers exhaust their run, but bulls are still too cautious to jump in as the bottom might not be there yet.
Yes, it seems like we are at the lowest trading volume but that does not significantly mean or proof that we are at the end of bear market of this year and like you said bulls market are still too cautious to jump in because we haven't reach the bottom price.