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

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ME News message: On May 3 (UTC+8), CryptoQuant analyst Axel Adler Jr posted on X stating that, based on the Adjusted Realized Price Bands model calibrated using Bitcoin’s current circulating supply, this round of Bitcoin’s decline reaches the key $59k range before it can be considered to have truly started a medium- to long-term bottoming process. Bottoming is not a short-term process and will not be completed within one to two weeks; the baseline scenario suggests it will take about 6 months. Axel Adler Jr emphasized that although Bitcoin has risen recently, the core factor that truly drives the market to stabilize is not an emotional recovery or a localized rebound, but the return of long-term real demand—when the market begins to reprice future value again and spot buying continues to recover, the bottom may be truly established. (Source: PANews)

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