Fuck that, it means the tough days are still ahead!


CryptoQuant Analyst: The model shows that Bitcoin needs to drop to $59k to truly begin a medium- to long-term bottoming process
CryptoQuant analyst Axel Adler Jr. posted on X platform that, based on the adjusted realized price bands model calibrated to Bitcoin's current circulating supply, 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 in 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 driver of market stabilization is not emotional recovery or partial rebounds, but the return of long-term genuine demand. That is, only when the market begins to reprice future value and spot buying continues to recover can a true bottom be established. $ETH
{future}(ETHUSDT)
BTC0.37%
ETH1.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin