Fuck that—if that’s what it means, the hard days are still coming!

CryptoQuant Analyst: The model shows this round of BTC doesn’t count as establishing a medium- to long-term bottom until it drops to $59,000
CryptoQuant analyst Axel Adler Jr. posted on the X platform that, based on the Adjusted Realized Price Bands model calibrated with Bitcoin’s current circulating supply, this round of Bitcoin only counts as truly starting a medium- to long-term bottoming process when it falls to the key $59,000 range. Bottoming is not a short-term process and will not be completed within one or two weeks; the baseline scenario is expected to take about 6 months.
Axel Adler Jr. emphasized that although Bitcoin has risen recently, what truly drives the market to stabilize is not a recovery in sentiment or a localized rebound, but the return of long-term real demand—that is, when the market starts repricing future value again and spot buying continues to recover, the bottom may truly become established. $ETH
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