What it means
An upthrust is a false breakout ABOVE the resistance of a Wyckoff distribution range — price wicks above the BC/ST high, takes out the stops parked above, and immediately reverses back into the range. Typically marks the absolute top of the distribution phase. Mirror of the spring; in Wyckoff distribution terminology, the variant 'Upthrust After Distribution' (UTAD) refers specifically to the upthrust occurring after the ST phase.
Why it matters
Upthrusts are where the absolute top of a distribution typically forms. The institutional flow grabs buy-stop liquidity above an obvious resistance, distributes remaining inventory at the spike price, then immediately reverses. Recognizing upthrusts gives the cleanest short entries at major tops.
How to use it
Confirm prior distribution structure (PSY, BC, AR, ST established). Watch the BC/ST high — a wick ABOVE it that closes back BELOW the high within 1-3 sessions = upthrust. Short entry on the close back inside the range; stop just above the upthrust extreme. Target = bottom of distribution range (AR low), then beyond if SOW confirms.
BTC November 2021 ATH: classic UTAD. Distribution range $58K-$64K through Q3-Q4 2021. November 10, 2021 spike to $69K (above prior $64K BC high), immediate reversal close at $64K, decline to $42K by January 2022. Subsequent markdown to $15K low.
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