Bitcoin Accumulation Mirrors 2022 Pattern as Macro Fractures Widen

The prior-cycle-top accumulation zone between $56k and $66k is absorbing supply at the same pace the $17.8-21k band did during the final months of the 2022 bear market, and the macro backdrop is growing more fragile by the week. Bitcoin has spent 66 days trading in this zone so far in 2026, compared to 105 total days in 2022 — with 98 percent of those 2022 days concentrated in the final two months before the cycle low. If the historical analog holds, the market may be entering that decisive compression phase now.