Analyst: $60,000 may become bitcoin's new accumulation zone, with the cycle bottom focusing on $48,000

ChainCatcher reports that CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom for this cycle is still around $48,000. At present, Bitcoin's adjusted seller risk ratio entered the red zone for the first time when falling below $60,000, which means the supply in loss has started to exceed the supply in profit and the unrealized pressure on holders has risen significantly.

On the other hand, the Cumulative Value Days Destroyed (CVDD) valuation model shows that the structural bottom for Bitcoin in the current cycle is around $48,000. Axel Adler Jr. summarized that, historically, similar zones often correspond to market capitulation phases and the bottom formation process, such as the cyclical lows in 2019 and 2023. However, it remains to be seen whether the price can hold the $60,000 area, while the seller risk ratio smoothed line continues to rise. Although the Bitcoin price has rebounded to around $66,000, the market is still at the bottom of the valuation range, and caution is still needed for the final confirmation process of the cycle bottom.