CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle is at $48,000. The Bitcoin adjusted seller risk ratio entered the red zone upon breaking below $60,000, as loss-making supply exceeded profitable supply, and holder unrealized pressure increased. The Cumulative Value Destroyed Days (CVDD) valuation model suggests that the structural bottom of the current Bitcoin cycle is approximately $48,000—a historical region typically associated with market capitulation and bottom formation. Bitcoin’s price has currently rebounded to $66,000, placing the market at the lower end of its valuation range; attention must now be paid to whether the price can hold above the $60,000 level.
Axel Adler Jr.: Bitcoin Enters New Accumulation Zone, Cycle Bottom at $48,000
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Summary
Bitcoin analysis from CryptoQuant’s Axel Adler Jr. suggests the asset has entered a new accumulation phase, with the cycle’s structural bottom likely near $48,000. The adjusted seller risk ratio turned red below $60,000, indicating more loss-making supply than profit-making. Bitcoin news reports that the CVDD model supports $48,000 as a historical bottom. Bitcoin analysis also notes the price has rebounded to $66,000, remaining within the lower valuation range. Traders are monitoring whether $60,000 can hold as support.
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