CryptoQuant Analyst: BTC Must Fall to $59,000 to Begin Long-Term Bottoming Process

05/02 09:50

CryptoQuant analyst Axel Adler Jr. stated on the X platform that based on the Adjusted Realized Price Bands model calibrated to Bitcoin's current circulating supply, a drop to the key range of $59,000 is necessary to truly initiate the long-term bottoming process for Bitcoin. He noted that bottoming is not a short-term process and will not be completed within one to two weeks, with the baseline scenario suggesting it may take around six months. Axel Adler Jr. emphasized that while Bitcoin has seen recent gains, the core factor driving market stabilization is not emotional recovery or localized rebounds, but rather the return of long-term genuine demand. This means that a true bottom may only be established when the market begins to reprice future value and spot buying continues to recover.
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