This kind of consolidation doesn't feel bullish. It feels like exhaustion. Price compresses, interest fades, narratives disappear not because the asset is broken, but because conviction is being tested. Markets don't move to reward belief. They move to punish certainty first.
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This kind of consolidation doesn't feel bullish. It feels like exhaustion. Price compresses, interest fades, narratives disappear not because the asset is broken, but because conviction is being tested. Markets don't move to reward belief. They move to punish certainty first.