$BTC is stretching out in distribution while momentum keeps fading — the longer this top builds, the heavier the unwind tends to be.
Every major phase this cycle has respected the same cause-and-effect relationship. The 147-day accumulation led into a $12,650 expansion. The 238-day reaccumulation fueled a $41,111 upside move. The 251-day reaccumulation pushed another $49,990 leg higher. Time spent compressing has consistently translated into magnitude of expansion.
Now the structure looks very different. $BTC has spent roughly 455 days distributing — the longest consolidation phase across the entire cycle by a clear margin. Price is starting to lose trend strength and early markdown behaviour is showing through failed pushes higher and weakening follow-through from buyers.
If this cycle continues respecting the same proportional relationship between time and expansion, the downside leg developing from this distribution range has the potential to exceed any corrective move seen so far in the cycle.
{future}(BTCUSDT)