Haciyev Reşit 
Investors in the crypto market are anticipating a new wave of upward momentum and potential record highs, but leading analysts in the sector have examined the key reasons behind Bitcoin’s recent stagnation. Over the past weeks, price movements have remained limited, and the expected momentum has yet to materialize, drawing attention to the dynamics behind this slowdown. Experts indicate that current market conditions show that essential elements for a strong and sustainable rally—such as liquidity, investor confidence, and macro clarity—are not yet fully in place. While the market retains upward potential, the catalysts needed to accelerate the rally have not fully activated. Analysts note that for prices to reach new highs, multiple critical factors must align simultaneously, and currently, these factors are gradually taking shape.
Not Just a Macro Issue
Prominent crypto analysts Andrew Parish and Tillman Holloway recently discussed Bitcoin and the broader market in detail. According to them, the recent price pressure is not solely caused by inflation, interest rates, or macroeconomic data. Instead, they highlight a lack of institutional liquidity and regulatory uncertainty as the main factors constraining investor appetite. The failure of institutional capital to enter the market at the expected scale is one of the primary reasons preventing prices from reaching new all-time highs. Andrew Parish notes that large investors are currently cautious: without sufficient capital inflow, it is difficult to see a strong and sustainable rally.
“Institutional liquidity entering the market is not yet at the desired level. Major investors are following a wait-and-see strategy, which is limiting price movements.”
Analysts also point out that although exchange supply is decreasing, most large-scale purchases occur in over-the-counter (OTC) markets. As a result, spot prices have not reacted as quickly as expected, limiting visible price movements despite rising demand.
Political Uncertainty and Election Cycles
Tillman Holloway emphasizes that global political uncertainty and upcoming elections are adding pressure on investor psychology. Investors want a clearer macro and political outlook before committing to large positions. Holloway suggests that the current phase is an accumulation stage, which could create a “spring effect,” setting the stage for a strong price movement in the future.
Another factor noted by analysts is that retail investors have not fully returned yet. For a true bull run to gain momentum, individual investors need to re-enter the market in force. As prices approach new highs, the “fear of missing out” (FOMO) among retail investors could trigger the anticipated major rally.
Evaluation
Expert analysis indicates that multiple factors—including liquidity shortages, regulatory uncertainty, and cautious investor behavior—are currently limiting Bitcoin’s upward movement. However, analysts agree that the ongoing accumulation phase could lay the groundwork for a strong rally later. For the market to regain momentum, increased participation from both institutional and retail investors will play a critical role.
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