The cryptocurrency market has made it increasingly evident that Bitcoin’s Bitcoin bull cycle distribution phase has already played out.

The market structure suggests that we’ve moved beyond the bullish expansion stage, and a return to those highs within this year appears highly unlikely.

Just as bear markets spend extended periods building accumulation at the bottom, bull markets also have a defined distribution phase at the top. Once that phase concludes and a confirmed structural pullback occurs, the market typically transitions into a new cycle rather than revisiting the previous peak range quickly.

Market cycles follow their own rhythm. When a major phase ends, reclaiming that same range often takes years—not months.$BTC #bitcoin