Why bitcoin is not pumping: PlanB’s analysis of the battle between sellers and buyers
Analyst PlanB explains that the bitcoin market is currently caught between two roughly equal forces: about 50% of participants are selling — experienced investors traumatized by the 2021 crash, technical traders, and supporters of the four-year cycle who anticipate a bearish phase after halving. The other 50% are buying, including fundamental investors, traditional financial institutions, and banks.
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This standoff creates positional contention in the market, which keeps bitcoin's price relatively stable. The price remains range-bound until one of the sides runs out of liquidity and exits.
This balance of forces remains intact for now, so no major price moves are expected imminently. Significant shifts will occur once sellers exhaust their resources or buyers can no longer sustain the pressure.
