The Block analyzed that Bitcoin is consolidating in a boring sideways trend. According to the media, despite a net inflow of $211 million into US spot Bitcoin ETFs on the 4th (local time), the Bitcoin price has shown no significant reaction. Analysts interpret this divergence not as the market preparing for a decline, but as a phase where it is waiting for direction in an extremely compressed state. Wintermute analyst Jasper De Maere emphasized, "The current recovery scenario can only be considered valid if Bitcoin definitively breaks above $65,000 in the short term."
