I think bitcoin taking position to go up or seeking some green signals from traders. Investors and regulators
This phase of btc seems last phase of bear
There are some kind of connection these whales are taking part into, once market seems to go up, then we can notice the blockchain information about the whales buying huge volumes of tokens. I just want to comment your last sentence, bearish market is already passed as the all time low for this year is around 3500 dollars, that seems to be too much low compared to the market now at 5000 dollars. This could be considered as the green signal not just for the whales in the market but also for individual entity go back again and harvest what we've waited for so long.