ME News reports that on June 16 (UTC+8), CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle remains around $48,000. Currently, the post-adjustment seller risk ratio indicator shows that loss-making supply is beginning to exceed profit-making supply, with significant upward pressure on unrealized holder stress. On the other hand, the Cumulative Value Destroyed Day (CVDD) valuation model suggests that the structural bottom for this Bitcoin cycle is approximately $48,000. (Source: ChainCatcher)
Analyst Suggests $60,000 as New Bitcoin Accumulation Zone, Eyes $48,000 as Cycle Bottom
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Summary
On June 16 (UTC+8), CryptoQuant analyst Axel Adler Jr. noted that Bitcoin may be entering a new accumulation zone, with a potential cycle bottom near $48,000. The risk-to-reward ratio is shifting as loss-making supply now exceeds profit-making supply. Unrealized holder pressure has also increased. The CVDD model supports a $48,000 structural bottom. Market-making strategy activity suggests a key phase in Bitcoin’s price action.
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