~ #BTC# ~

Distribution Vs Accumulation

There’s been a lot of debate lately about whether the current price action represents accumulation or distribution. Some argue that because price isn’t dumping and continues to find support, it must be accumulation. An interesting perspective, but not necessarily the case.

We currently have strong support around 108k, which also happens to be a critical Gann level. Once that level gives way, it opens the door to the next major zone between 72k and 108k, with 90k acting as the equilibrium (EQ) of that range.

Now, according to Wyckoff’s theory, a bull campaign typically ends through a distribution phase, not with a single sharp dump. Distribution is a process, not an event. Price often tests support multiple times as large players (or “whales”) gradually unload their positions.

When I say “multiple attempts,” I don’t mean random failed breakdowns. I mean intentional efforts by smart money to offload their #BTC# at the best possible prices.

Whales have no reason to crash the market in one go,
they aim to distribute strategically over time, maintaining the illusion of strength while quietly transferring supply to late buyers. This controlled process is what marks the true end of a bull campaign, when strong hands sell into optimism, and weak hands absorb that supply believing it’s just another dip to buy.

In short, accumulation builds cause, while distribution releases it. When you see repeated upthrusts into resistance, fading momentum, and heavy volume on rallies, that’s the footprint of distribution. Once 108k goes, you will know it.

As Wyckoff would say...

“The market is never obvious. It is designed to fool most of the people, most of the time.” 🔥🔥