CryptoQuant Analyst: Model shows that BTC needs to drop to $59,000 in this cycle to mark the true start of a medium-to-long-term bottom

Odaily Planet Daily News: CryptoQuant analyst Axel Adler Jr. posted on platform X that, based on the Adjusted Realized Price Bands model calibrated to the current Bitcoin circulating supply, Bitcoin needs to drop to the key $59,000 range in this cycle to mark the true start of a medium-to-long-term bottoming process. Bottoming is not a short-term process and will not be completed in one to two weeks; the base case scenario estimates it will take approximately six months.

Axel Adler Jr. emphasized that although Bitcoin has recently seen some upward movement, the core factor truly driving market stabilization is not sentiment recovery or localized rebounds, but the return of genuine long-term demand. That is, when the market begins to re-price future value and spot buying continuously recovers, only then can the bottom be truly established.