The current behavior of the market closely follows the phases described in Wyckoff's theory.
We are observing a significant contraction in volume, indicating that most panic sellers have already exited the market. This pattern is evident in key assets such as $BTC , which after its decline has shown lateral consolidation in reaccumulation zones, with low volume and no significant selling pressure.
Ethereum $ETH reflects a similar behavior: consolidation below key resistances, while market makers absorb liquidity in narrow ranges.
In the case of $XRP , the price has been contained in a range structure that suggests silent institutional accumulation, with fluctuations that shake out retail investors without breaking relevant supports.
Currently, we find ourselves in the “Spring” or “Shakeout” phase, where large market participants push the price even further and reduce volume to generate frustration and disbelief.
When the sentiment is completely negative and the dominant narrative is that “the market is dead,” it will be the clearest signal that a markup (upward) phase is approaching with a sustained rally in the main assets
