- Bitcoin follows Wyckoff’s final act, with smart money moving from accumulation into distribution amid elevated market confidence.
- Trading at $104,076, Bitcoin shows classic range-bound movement, often linked to institutional offloading near cyclical tops.
- Merlijn’s chart outlines Bitcoin’s Wyckoff structure, where a reaccumulation phase ends, and a potential top formation begins.
Bitcoin is now tracking the final phase of the Wyckoff Market Cycle. With price nearing all-time highs, chart patterns point toward a classic distribution setup.
Wyckoff Market Structure Suggests Approaching Peak
Crypto analyst MerlijnTrader noted that Bitcoin is entering Wyckoff’s “final act,” following a textbook accumulation and markup through 2022 to mid-2024. The tweet explains that smart money established a base during the quiet phase before initiating a sharp move upward into the reaccumulation zone.
As of 2025, price action is showing tight, range-bound movement — a typical sign of distribution. This is when institutional holders begin offloading to retail traders at elevated prices. Though the market appears stable, Wyckoff’s theory suggests this behavior often signals a cycle climax.
The current setup mirrors historical tops, where markets rise with confidence before quickly reversing under heavy selling pressure.
Bitcoin Price Surges as Distribution Phase Unfolds
Bitcoin is at $104,076 at writing, up 0.64% over the last 24 hours and 8.94% for the last seven days. Even with the consistent rise, the pattern indicated in Merlijn’s chart signals a change of tone.
During distribution, prices tend to remain elevated while large holders exit positions. The chart shared by @MerlijnTrader illustrates this transition clearly, suggesting that Bitcoin may be approaching the end of its current uptrend.
The aggressive move from accumulation to distribution follows historical cycles, reinforcing that this phase often precedes a market reversal.
Bitcoin Nearing Top as Smart Money Distributes
Bitcoin appears to be following Wyckoff’s final stage — the distribution phase. This move tends to follow a parabolic rally. As retail demand increases, experienced traders and funds gradually reduce exposure.
The ongoing reaccumulation from 2024 and recent price action support this roadmap. The market structure suggests rising caution among experienced participants.
If the Wyckoff blueprint holds, Bitcoin may be nearing a short-term top, where momentum fades and volatility increases. The coming days will be key to confirming this setup.
