Capital inflows have noticeably slowed, and long-term holders are ramping up their loss-taking activity. Meanwhile, prices are grinding within a tight trading band—neither breaking up nor collapsing. What's really happening here? Time is wearing on investors. Extended periods of sideways action tend to drain conviction from the market, especially when accumulation cycles drag on. This is textbook extended bearish consolidation. The combination of reduced capital pressure and increasing loss realization among veterans signals fatigue setting in. When holders who've carried bags for months suddenly capitulate, that's a tell. The compressed range keeps squeezing momentum, leaving retail and institutions alike looking for an exit or a catalyst. Until fresh capital flows return, expect this grinding pattern to persist.