Bitcoin may be entering one of its most frustrating phases, according to CryptoQuant analysts. The cryptocurrency's price action is currently dominated by short-term fluctuations, while the broader market remains in a sideways trend. This environment can be psychologically taxing for participants, often leading to diminished interest, reduced exposure, or complete market exit. Additionally, the SOPR (Spent Output Profit Ratio) for long-term holders indicates that even these investors are experiencing losses.