For its still a long way to go before we goes back to $800 billion marketcap even we see a lot of good news in crypto sphere though anything could happen in this space.
There are a lot of positive signals from big investors and corporations. I think the market will take a big leap in the next few years as the projects are getting better and better
You are right, of which some of these people that are yet to come in are looking for a cleared coast for them to penetrate the market, they are gradually testing the market to see how it will respond, which could be the reason why we have been seeing lots of increase in the price of BTC recently.
They are basically still withdrawing from pumping huge money so that everyone will not speedily sump their coins which may not be too good for them, one of the major reason why many people in this forum as I believe that the turn BTC growth will take this year will be a slow one but will eventually meet up to the target.