The cryptocurrency market is a whale market, as soon as whale get enough cheap coin from the panics and other people who are moved by volatility of cryptocurrency market, the red will disappear and real value of coin across board will emerge!
Because it is controlled up to a great extent by the whales, it is no doubt a whale market and they play the game that is profitable in their own interest so bull comes when it is in harmony with the profit flow of the whales as well.