Many traders are also benefiting these bears and bulls period because can earn profit thru short and long. It is in contrast with most ordinary traders who believe everybody losses in a bear market which is actually false.
a very small number of traders can earn on short and long positions. If you look at the liquidation statistics on Bitmex, you will immediately understand what trading with margin leverage is. it is a big misconception that the bear market is not bad. Such a way of earning is for a very small number of people. The bear market has only plus is that it clean the market from unnecessary projects
we cant blame just because of liquidation statistic. It is possible to get many liquidations too in bull market
So, no matter in bull or bear, there are many people who lose in market too
It is all about the skill of trader/investor itself. I think trading is zero sum game. Some people win and the others lose. No matter in bull or bear