Crypto analyst Joao Wedson, in his assessment following Bitcoin’s recent rise, said that the market is not in an accumulation phase as previously thought, but may instead have entered a redistribution phase.
According to Wedson, if Bitcoin price reaches the $95,000 to $96,700 range, significant selling pressure could emerge in this region. The analyst argued that whales could show strong selling interest at these levels, particularly due to the liquidity flight.
Wedson, also drawing attention to market behavior, said crypto markets can often mislead investors, adding: “Before a real change in direction, the market tries to liquidate even those who are correctly positioned. According to the analyst, the spread of a short-lived wave of optimism and sudden increases, especially in memecoins, are often a harbinger of negative developments.
Wedson, citing past examples, said such periods often end with cases of fraud, misleading news or forced narratives. Arguing that the current market structure is quite close to such a process, the analyst said he believes a redistribution phase is starting to take shape in Bitcoin.
*This does not constitute investment advice.
