I think many are also opportunistically trading this ranging bearish market and selling the short tops to buy back lower. I've done so myself, but can't be bothered any more. I'm happy with my positions so now I'm waiting it out.

Lots of people are stacking, regardless of the fud. The recovery might be hard to break through, as there will be multiple pullbacks with profit-taking, impeding a proper rally. But it will come. Having been in this market for many years, this shit doesn't scare me in the least.