$BTC Why Bitcoin Is Not Skyrocketing Right Now, Explains Prominent Crypto AnalystUnderstanding Bitcoin's Stagnation: Insights from Crypto Analyst Toby Cunningham

• Prominent crypto analyst Toby Cunningham delves into the reasons behind Bitcoin's current "crabbing" phase, where its price has remained stagnant around the mid $65,000 range for approximately 62 days. Cunningham dismisses speculations attributing this stagnation to factors like the German government selling off Bitcoin or regulatory investigations, instead highlighting the high level of open interest and substantial leverage in the system as key influencers.

• He emphasizes that this leverage makes the market susceptible to manipulation by large players, or "whales," who can significantly impact price movements. Despite the current market conditions, Cunningham points out that "smart whales" are making significant purchases, indicating their confidence in Bitcoin's long-term value.

• Cunningham draws on historical data and analysis to predict that the current phase may extend further, advising investors to remain patient and focus on Bitcoin's fundamentals rather than short-term price fluctuations.