After Halving 2020 & Halving 2016 BTC moved sideway in 3-5 months before a real bullrun effect.

Historically A fact was there was a sell pressure from miners with their outdate-mining-equipments. When the finished selling, shock supply liquidity started and price started booming . . .

There is a big difference at the moment when we observe a huge demand from ETF. Miners are still selling but It is not too small compared ETFs demand especially HONGKONG ETF at 30th April
So the consolidation will take 2 months or 5 months like past? I think with the demand of ETF the consolidation time will be shorter