Mignolet, a Coinness Content Creator (CC) and cryptocurrency analyst, analyzed that there is insufficient evidence to suggest BTC has entered a full-fledged bull market. He stated via X, "Price trends do not change easily. Within the sideways trading range that began in February, sufficient accumulation to support a bullish trend reversal has not been observed. The market ultimately undergoes a process of psychologically shaking investors. An emotional cycle repeats where some give up and others regain hope. He pointed out, "This movement is particularly more pronounced when compared to the market structure before the launch of spot ETFs." He continued, "I still believe the current structure is very difficult. The market ultimately goes through a process of strong volatility until people completely give up, and only then do real results emerge. He added, "Ironically, the moment people regain confidence might be the moment of great disappointment."
