CryptoQuant Analyst: The model indicates that Bitcoin needs to drop to $59k to mark the beginning of a medium- to long-term bottom formation.

Odaily Planet Daily News reports that CryptoQuant analyst Axel Adler Jr posted on the X platform stating that the adjusted real price bands model, calibrated based on Bitcoin’s current circulating supply, shows that Bitcoin only truly begins a medium- to long-term bottoming process when it drops to the critical $59k range. Bottoming is not a short-term process and will not be completed within one or two weeks; the baseline scenario estimates it will take approximately six months.

Axel Adler Jr emphasized that although Bitcoin has recently risen, the core factor truly driving market stabilization is not emotional recovery or a partial rebound, but the return of long-term genuine demand. That is, only when the market begins to reprice future value and spot buying resumes steadily can a true bottom be established.