Is the bitcoin bull run coming?

Bitcoin feels like it’s coiling for something big. The energy in the market has been building for weeks — every chart, every macro setup, every whisper from the options market hints at a massive move coming. And yet, every time Bitcoin looks ready to break out, it gets hit with a wave of selling. It’s the classic prelude to a blow-off top or, just maybe, a prolonged consolidation before the real launch.

We’re sitting roughly 10% off all-time highs while the rest of the risk-asset space keeps printing records. That disconnect is unusual, and it won’t last forever. The crowd’s starting to lose patience, but that’s often when the next leg higher begins. Supply remains tight, long-term holders aren’t selling, and the halving tailwind is still in play. The key question is whether we get a straight-up vertical rally — the euphoric kind that ends with parabolic candles — or a grind higher that frustrates bears and slowly squeezes shorts out of the market.

Bitcoin’s structure suggests something major is coming soon. The range is too compressed, the volatility too low, the sentiment too restless. A huge bull run is still very much on the table — but so is the chance that we already saw the top and are in a stealth distribution phase. Either way, the answer feels imminent. Bitcoin doesn’t stay quiet for long, and when it finally moves, it’ll remind everyone why it’s the most explosive asset in the world.