Bitcoin Fatigue May Be the Signal Bulls Are Waiting For

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Bitcoin (BTC) Price Performance. Source: TradingView

Despite strong onchain signals, Bitcoin has struggled to gain momentum in recent months, with prices down roughly 7% year-to-date. Analysts say the pullback looks mild when viewed against Bitcoin’s 155% gain in 2023 and 121% rise in 2024, fueled in part by the launch of spot Bitcoin ETFs.

Market observers note that major rallies often begin during periods of exhaustion, not optimism. With leverage declining, sentiment turning weary, and long-term holders accumulating aggressively, analysts say Bitcoin may be entering a quiet but critical phase — one that historically has rewarded patient investors willing to look beyond short-term price action.