If you look at the decline in bitcoin prices in the last month, almost 20% from the previous ATH level, it can be said that bitcoin is in a bearish phase. Even at the start of this new year, the price of bitcoin is still experiencing a decline due to continued selling pressure. When the current market conditions are bearish, it will affect one's investment decisions.
Honestly the year to date calculation is a bit skewed because we had the fall during this period. Literally between 5th and 6th of it, a week earlier and we had a good recovery by that calculation. You do not check "year to date" price on the 19th day of the year, you check it a lot earlier. All in all I believe that we will be doing better, this is not a bear run, this is just a bad period but bear runs are a lot worse and this isn't that horrible. What you could consider a bear run is the time we went from 68k to under 50k, that was a proper bear run.
If something has been going bad for like a few months, then do not consider a bear run, it is just a bad market and it has been bad for a while and that is it. I do not consider it a bear phase, I consider it an accumulation phase, and I believe that we will be doing a lot better in the long run.