CryptoQuant Analyst: Model Shows This Cycle’s BTC Bottom Begins Only After Dropping to $59,000 for Medium-to-Long Term Accumulation

Odaily Planet Daily News CryptoQuant analyst Axel Adler Jr. posted on X platform that the Adjusted Realized Price Bands model, calibrated based on Bitcoin's current circulating supply, shows that this cycle's Bitcoin drop to the key range of $59,000 truly marks the beginning of medium-to-long-term bottoming. Bottoming is not a short-term process and will not be completed within one to two weeks. The baseline scenario estimates it will take about 6 months.

Axel Adler Jr. emphasized that although Bitcoin has recently risen, what truly drives market stabilization is not sentiment recovery or local rebounds, but the return of long-term genuine demand. That is, the bottom can only be truly established when the market begins to re-price future value and spot buying continues to recover.