#BTCNextATH This chart illustrates how the SUI token is seemingly following the classic Wyckoff Market Cycle, which consists of four key phases:
1. Accumulation – This phase occurs when the price moves sideways within a range as smart money quietly accumulates the asset.
2. Markup – After accumulation, the price breaks out and rises rapidly.
3. Distribution – At the top, large players begin selling their holdings gradually, and the price consolidates.
4. Markdown – Following distribution, the price declines, often leading to another accumulation phase.
In this example, SUI went through accumulation in late 2024, followed by a strong markup. A distribution phase occurred around January 2025, which led to a markdown. As of now, the chart suggests that SUI might be entering a new accumulation phase, potentially preparing for another markup.
This is a practical and intriguing case study of Richard Wyckoff’s theory in action.
