Feeling like this Bitcoin cycle is boring and exhausting? And that it was a lot of work for little gain?

You're not alone.

This chart shows why this is happening this time, and it's absolutely fascinating.

Let me explain:

Since January 2024, Bitcoin has been STUCK in a sentiment range that has never existed before.

And this perfectly explains why EVERYONE is feeling emotionally exhausted.

In ALL previous cycles, Bitcoin oscillated between clear extremes:

2013: Capitulation → Euphoria
2017: Fear → Mania
2021: Anxiety → Euphoria

OBVIOUS signs of when to buy (fear) and when to sell (euphoria).

But in this cycle?

We're stuck in an ETERNAL back-and-forth:

↗️ Upward: Optimism → Belief
↘️ Downward: Denial → Anxiety

Back and forth. Back and forth. Back and forth.

FOR ALMOST TWO YEARS.

Do you know what that means?

It's a cycle of HOPE followed by FRUSTRATION.

REPEATEDLY.

Each upward movement brings hope: "now it's going to explode!"
Each downward movement destroys expectation: "it was a bull trap..."

The market NEVER delivers the gratification of complete euphoria.

Result: collective emotional exhaustion.

And there's more:

This range is the DEAD ZONE of sentiment.

Not enough profit for extreme greed (which causes a top) Nor enough loss for extreme despair (which causes a bottom)

You're stuck in a limbo where NO decision seems clear:

Buy? "It could fall further..." Sell? "It could rise further..." Hold? "I'm missing opportunities..."

This is literally the definition of psychological "max pain." BRVTAL.

And this creates three devastating effects:

✅ Bulls get frustrated: "When is it really going to explode?"

✅ Bears get confused: "Why doesn't it collapse?"

✅ Holders get impatient: "I sacrificed in the bear market for this?"

EVERYONE is wrong. Repeatedly.

No group gets complete emotional validation.

But here's the good news:

This emotional range is probably NOT sustainable.

Historically, such "limbos" eventually resolve into:

Breakout to Euphoria (strong catalyst),
Breakdown to Capitulation (negative event), or
Even longer consolidation (gradual maturation)

But while that doesn't happen?

You are being SQUEEZED.

And it's no coincidence that it seems like the market is "against you."

That's because it literally is.

The range is optimized to:

• Liquidate leverage
• Frustrate timing
• Wear down conviction
• Force passivity

It's a perfect "grind market."

The strategy of someone who understands:

→ Stop trying to time the market in this range
→ DCA works better than timing here
→ Leverage = suicide in this environment
→ Peace of mind > potential profit

If you're feeling confused, squeezed, or exhausted with Bitcoin in 2024-2025...

You are NOT crazy.

You are living through the most psychologically torturous cycle in Bitcoin's history.

A cycle that offers no clear signals.

A cycle that frustrates all sides.

A cycle that FORCES humility.

And perhaps... that's exactly the point.

Bitcoin is ceasing to be a "lottery ticket" and becoming a "mature asset."

And you are experiencing this transition LIVE.

In a few months (or years?), when the range resolves (up or down), you'll look back and understand EXACTLY what was happening in 2024-2025.