According to ChainCatcher, Charles Edwards, founder of cryptocurrency hedge fund Capriole Investment, said in X that Bitcoin is in a "bored to death" phase, and this sideways period may last for one to six months. During this period, Bitcoin will fluctuate in a low volatility range until market participants lose patience. Before the consolidation ends, market sentiment will be the most negative.
“When you get tired enough of sideways trading, common symptoms include thinking the halving is priced in, the bull run is over, and selling and buying stocks at the bottom,” Edwards said. “Your symptoms and shorts will peak before the big move higher.”
