Personally, I think Bitcoin’s price surge since April 2026 has been more than just a rebound—it signals a broader bear market trend, but not a sign of true recovery. While some analysts argue the rally could be a bull run, CryptoQuant’s data shows the numbers are nowhere near those of a real bull market. For example, BTC’s price reached $82,000 in May 2026, only to be rejected, and profits from such a surge were already hitting record highs—up to 14,600 BTC on May 4. However, this is just one side of the story. What makes this particularly fascinating is how investors are now taking profit despite the fear of a sharp drop. If you take a step back, what many people don’t realize is that selling pressure could still be a factor, even if the market is already in a bear state. Analysts warn that while perpetual futures continue to climb, spot demand and exchange inflows remain weaker than expected, suggesting a market that may still hold correction risk but hasn’t yet reached a distributional peak. This raises a deeper question: why do we still see so much volatility in a market that seems to be moving toward consolidation? And what does this imply about future price movements?
