This has to be one of the most stable periods in Bitcoins existence. When FTX went down Bitcoin was at $16,850. Its now sitting at $16,815 and has barely had any movement since then. This signals to me that something big is going on behind the scenes. There has to be some large entity scooping up massive amounts of BTC right now. Maybe this is the reason for the Silbert delay. Seems like a good trade to follow
Problem is the volume charts are not very reliable as they only show a portion of the market.
So everyone could also well wait on the sidelines for a move up or down to buy the dip or a potential trend reversal.