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.
That might be because when the market starts to show positive movement, there is already a whales that is ready to eat it all, and yes it seems difficult to bullish this year. But in the following days who know, it was possible that the whales would delay the big meal and allow the small fish to pass it on a large scale.