According to on-chain data analytics, capital inflows have been decelerating significantly. Meanwhile, long-term holders are increasingly realizing losses at current levels. The price action remains trapped within a tight consolidation zone—hardly moving. What's happening here is classic investor fatigue. When a market grinds sideways for extended periods, holders lose conviction. They start capitulating, cutting losses just to move on. The combination of slower new money entering the market and existing holders throwing in the towel creates a very specific market structure. It's a telltale sign of prolonged consolidation cycles.