According to TechFlow, on August 9, crypto analyst PlanB said on social media that the main problem with the current Bitcoin market is that it has entered the bull market too early. Normally, Bitcoin's halving event (every 210,000 blocks) occurs in the accumulation phase of the market, but the halving in 2024 (840,000th block) will take place in the bull market phase. This means that the market has acted in advance before it is ready to rise.