Bitcoin went through a period like this from 2017 until 2020. In fact it has been a repeating pattern for longer than that. This could go on for years, or end tomorrow and close at $60k Doesn't matter a miner's fundamentals, hashrate, #of mining machines, cost of energy, strategic planning, etc... Most "investors" are FOMO'ers betting the rent money, waiting on Elon Muskrat to tell them when and where to buy. No one bothers to do any DD except the whales who can move and manipulate the price.