For me bearish is a good thing that traders have a big chances to have a big profit soon when the price will suddenly goes up and it is a great chances to have hodl many altcoins or bitcoin that could be a great long term but if you are in loss just hodl your assets and wait for the comeback. Don't sell it when you are in loss.
Exactly, this is the best moment for the smarts traders to accumulate more in preparation of the bull market, while the weak hands panic and dump, they are silently accumulating not only bitcoin but those altcoins which has a great value.
Whales are whales because they have big holdings and they would not have that big holding if they are not smart.
They could spread FUD and if you are affected with that, that means you belong to the weak hands.