Straight answer "NO".
In fact, the maximum answers to your question would be the same.
Yes, the bear market has elongated and the people who have lost hope are short-term traders. If you are a long-term player then are well-prepared for such down graph.
Institutional investors are still investing in start-ups despite the current bear market. Not to forget the recent NASDAQ news related to Bitcoin Futures.

So, bitcoin game is definitely not over!