Crypto analyst Joao Wedson, in his assessment following the recent rise in Bitcoin, stated that the market is not in an accumulation phase as thought, but may instead have entered a redistribution phase.
According to Wedson, if the Bitcoin price reaches the $95,000–$96,700 range, significant selling pressure could emerge in that region. The analyst argued that whales might show strong selling interest at these levels, particularly due to liquidity flight.
Wedson, also drawing attention to market behavior, stated that crypto markets can often mislead investors, adding, “Before a real change of 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 harbingers of negative developments.
Wedson, citing past examples, said that such periods often end in cases of fraud, misleading news, or forced narratives. Arguing that the current market structure is quite close to such a process, the analyst stated that he believes a redistribution phase is beginning to take shape in Bitcoin.
*This is not investment advice.
