Bitcoin’s price action is getting harder and harder to understand. Much of the bearish sentiment on the platform right now is based on the idea that the bull market’s peak of around 240,000 will come by the end of 2029. I held the same view before I entered the market, though perhaps it’s a case of bystanders seeing things more clearly than those involved. When I shorted on October 3, I thought there would be another rally, so my plan was to withdraw my funds first and wait for the price to rise to a high before shorting. So what is market sentiment? It’s the panic caused by sharp short-term moves—something only people involved in the market can truly understand.