Many people were asking what's is it right now after checking my last article on Distribution and accumulation.

As of today, the crypto market is in a sharp downtrend, with Bitcoin breaking key support levels:

  • Bitcoin has fallen below $75,000–$76,000, hitting the lowest levels since April 2025.

  • The decline has been extended, making this one of the most sustained drawdowns in years, spanning months rather than days.

  • Altcoins are also significantly weaker in step with BTC.

  • Heavy liquidations in leveraged positions have occurred, particularly on the long side, meaning forced selling pressure is present.


In plain trading terms: risk appetite has collapsed and dealers are unloading positions, not accumulating them.



📌 Distribution or Accumulation?


Right now, it’s overwhelmingly distribution, not accumulation.


Here’s why:


✅ Extended bearish structure

Bitcoin’s ongoing multi-month decline shows repeated lower highs and lower lows — a hallmark of distribution.


✅ Forced selling / liquidations

Mass long liquidations add heat to downside moves. This isn’t strategic buying — it’s capitulation and pressure on weaker holders.


✅ Liquidity leaving, not coming in

During real accumulation phases, you’d see signs of buying absorption — tight ranges that reject downside without clean breaks, slowing volume on declines, and support holding. That isn’t happening now.


Instead, we’re seeing broad breakdowns and potential stops being taken below prior lows.



📊 Technical Context (Crypto-Specific)


In a true accumulation phase, you usually observe:


• Price staying above key support zones

• Less violent downside moves

• Spot demand absorbing selling pressure

• Stable or increasing order book bids
• Open interest flat or declining as longs are absorbed


Right now, we’re seeing:


• Price aggressively breaching support

• Strong cascading liquidations

• Macro risk–off pressure spilling into crypto

• Volatility increasing on the downside


That mix points to distribution — not capitulation accumulation — at the current stage.



📈 Distribution Weakens Accumulation Signals


Even if some traders hope this is a “washout,” here’s the subtle difference:


🔹 Accumulation:

Price range compression with strong support intact

Spot demand outweighs leverage selling

Low volatility with higher lows forming


🔹 Current Market:

Trend is down for multiple months

Support levels are breaking cleanly

Weak bids and heavy selling pressure


Right now, orders are being taken out below key zones — a signature of distribution.



📌 Market Psychology Reads


In distribution phases:

  • Smart money slowly reduces exposure

  • Leveraged traders are flushed out

  • News catalysts tend to be bearish or destabilizing

  • Bounce attempts are shallow and short-lived


That matches the current environment: sentiment is risk-off, macro conditions are pressuring risk assets, and liquidity is drying up.



Conclusion


Current market conditions (Feb 2, 2026) show distribution — not accumulation.


Peso: price structure is broken, forced selling dominates, and buyers are not stepping in meaningfully.

This is typical of weak market conviction, not genuine bottom formation.


If buying interest returns only after price stabilizes and starts rejecting lower lows (with slowing volatility), then we can revisit whether accumulation has begun.

#WhenWillBTCRebound #PreciousMetalsTurbulence #MarketCorrection #USGovShutdown