We are seeing more and more futures exchanges becoming popular, bitmex, okcoin, huge daily volume. I can be sure that whales are profiting from the futures trading market by manipulating bitcoin prices.
Its too hard to want a bull market, even now the price is low. Bitfinex doesnt buy Bitcoin again.
The current market situation is that the whole sea is full of whales. So there will be no bull market in 2020. Whales will continue to profit on futures.
But this manipulation is exactly why the US SEC and CFTC won't be allowing futures to come any time soon. If they do, you can be sure they'll be watching these whales very closely, which is something the whales will wnat to avoid.
Bull market won't be here in 2019, this is almost certain from rational thinking. My earliest guess is 2020. But since when does the crypto market listen to rational thinking?