On February 27, on-chain analyst Willy Woo shared something that feels both hopeful and frustrating at the same time. He believes the intense selling pressure on Bitcoin is finally cooling down. The aggressive dumping that pushed the market lower looks like it’s slowing. Sellers are getting tired.
But here’s the twist. Just because the selling is slowing doesn’t mean we are ready for liftoff.
Woo pointed out that the broader market is still severely bearish. Liquidity in both spot and futures markets is drying up. And that matters more than most traders realize. Bitcoin does not explode upward just because sellers disappear. It needs fuel. It needs fresh capital. It needs strong liquidity on both sides of the market.
And right now, that fuel tank looks thin.
He even said something powerful: he has never seen Bitcoin rise when both spot and futures liquidity are bearish. That line alone should make anyone pause before blindly calling for a breakout.
This feels like one of those heavy, slow market phases. Not a crash. Not a rally. Just months of sideways movement that frustrates everyone. Bulls get impatient. Bears get bored. Retail loses interest. And smart money watches quietly.
Consolidation is not exciting. It does not create viral posts. It does not create instant profits. But historically, it’s during these boring stretches that strong hands accumulate and weak hands disappear.
Emotionally, this phase tests conviction. You start questioning your thesis. You start doubting every bounce. Every small pump feels fake. Every dip feels like it could be the next leg down.
But if selling pressure truly is nearly exhausted, that is step one. Step two is liquidity returning. Until that happens, expecting explosive upside may be unrealistic.
This is the kind of market that humbles traders who chase momentum and rewards those who understand structure.
Bitcoin is not dead. It’s breathing slowly.
