According to @alistairmilne, despite Michael Saylor’s ongoing Bitcoin accumulation, the market is not reaching new all-time highs due to widespread capitulation among retail investors who suffered losses in memecoins and lower-quality altcoins. This persistent selling from retail is counteracting institutional buying, resulting in a consolidation phase where only dedicated Bitcoin maximalists and strong holders remain. Traders should monitor on-chain metrics for signs of retail exhaustion and accumulation patterns, as these could signal a future breakout once weak hands have fully exited (Source: Alistair Milne on Twitter, May 18, 2025).

According to Crypto Rover, Bitcoin is showing clear signs of price consolidation over the weekend, with price action remaining within a narrow range (source: @rovercrc, May 18, 2025). This period of low volatility typically indicates that traders are awaiting a breakout in either direction, making it crucial to watch for significant support and resistance levels. Consolidation phases often precede sharp movements, so crypto traders should monitor Bitcoin's volume and momentum indicators closely for potential breakout signals. These developments can impact the broader cryptocurrency market sentiment and trading strategies.