Veteran trader Whale Panda criticizes the persistent false breakouts and ETF-driven stagnation within the Bitcoin market, claiming it’s mentally exhausting. Despite institutional investment and a shift of billions into ETFs, the price remains rangebound near $108,000. However, this market shakeout may be setting the stage for a healthier next leg up according to Glassnode data, suggesting a decrease in excess risk. The recent bull cycle has been one of the most psychologically draining for Bitcoin, largely due to false breakouts and fading narratives, contributing to dwindling enthusiasm and excitement. [Source: The Coin Republic]** 10% of market-leading Bitcoin’s open interest has been liquidated recently, a sign that the market is finally becoming more sustainable. This sudden correction marks a welcome opportunity for Bitcoin to mature, potentially leading to a stronger future. Meanwhile, gold and silver are soaring, providing safe haven from the volatility associated with cryptocurrencies like Bitcoin.