CryptoQuant Analyst: The mid- to long-term accumulation zone for BTC may be around $59k, and the recent rebound may not be the core sign of market stabilization

ME News, May 3 (UTC+8): CryptoQuant analyst Axel Adler Jr said in a post on the X platform that, based on the Adjusted Realized Price Bands model calibrated to Bitcoin’s current circulating supply, this current round of Bitcoin’s decline only qualifies as the start of a true medium- to long-term bottoming process when it falls to the key range of $59k. Bottoming is not a short-term process and will not be completed within one or two weeks; the baseline scenario estimates it will take about 6 months. Axel Adler Jr emphasized that although Bitcoin has recently risen, the core factor that will truly stabilize the market is not sentiment repair or a localized rebound, but the return of long-term genuine demand—i.e., when the market starts repricing future value again and spot buying continues to recover, the bottom may be truly established. (Source: PANews)