Bitcoin (BTC) has been trading within a narrow range for the past 81 days, indicating that traders are waiting for greater clarity on macroeconomic signals before making significant moves. This lack of directional momentum has also affected altcoins, with many struggling amid uncertainty. Bitcoin's price stability suggests that capital is flowing away from altcoins and into the leading cryptocurrency. The global altcoin market cap has decreased by $234 billion in just 14 days, highlighting a growing divergence between Bitcoin and the rest of the market. The Inter-Exchange Flow Pulse (IFP) indicator has turned bearish, potentially leading to further downside pressure, although there is still potential for a market rebound. Bitcoin investors have experienced losses, particularly short-term holders, while long-term holders have continued to hold their positions, indicating that the current consolidation phase is a natural correction within the ongoing bull market. Despite some bullish catalysts, traders remain cautious.



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