Analyst Axel Adler Jr. shows that the latest Bitcoin Index measurements show a combination of accumulation and distribution signals for the current cycle of Bitcoin. This chart shows that the movements of Bitcoin since 2023 are between the duration of basic construction and the robust distribution wave, indicating the current position of the market.
In this cycle, two major accumulations are marked by indexes: March 2023 (22K) and August 2023 (29K). These were followed by five distribution waves: 34-44K, 62K, 90K, 109K, and 118K.
Current composite: 38% probability, 31% MIN-MAX = Repair zone (digestion/base formation), …pic.twitter.com/otgkjozpso
– Axel💎🙌Adler Jr (@axeladlerjr) August 29, 2025
Major accumulation zones
This cycle is affected by two important accumulation events. By March 2023, Bitcoin had stabilized at around $22,000 and established a solid foundation for driving upwards. A second accumulation of $29,000 continued from August to September 2023. These phases marked the trust of investors, which paved the way for further distribution gatherings.
Bitcoin distribution waves have been identified
After accumulation, Bitcoin went into five distribution phases, with levels reaching 34K-44K, 62K, 90K, 109K, and 118K. This level is a sign of high sales pressure following rapid profits, usually accompanied by overheated market conditions. The higher market vibrancy is reflected at the $90,000 and $109,000 levels, with the final distribution cycle being recorded at the $118,000 level.
Current market location
Bitcoin in late August 2025 is being traded in the repair zone. The probability of a composite index is 38% and the MIN-MAX score is 31%, all representing digestion and base formation. This period is the first accumulation effect that does not affirm a sustained upward turnaround.
Analysts say the market remains prone to volatility until relevant indicators of stronger accumulation come into effect, but the market appears to be stable. Traders are keen on whether Bitcoin can win a position at this level and look forward to another breakout.
Future outlook
The current area of repair may assume the next meeting, as historical trends appear to have a cycle of accumulation and distribution peaks. However, unless there is a confirmed upward movement, emotions are suppressed by attention. The index indicates that the market is still in search mode and attempts to find a balance between buyers and sellers.
