The bull market is back, definitely. Both bitcoin and ethereum have gained over 25% in value from January to date. Heck, the entire cryptocurrency market added over a $80 billion within the last 120 days. Tell me, what is that if not a bullish market, huh?

It could not be, the increase in volume does not mean there will be a bullish event. Before April 4 the volume of bitcoin was bigger than after April 4, when at that time Bitcoin experienced a shocking pump.
So the volume does not determine market movements, do not make it a reference