CryptoQuant Analyst: The mid to long-term bottom range for BTC may be around $59,000, and the recent rebound may not be the core of market stabilization
By: rootdata|2026/05/02 18:46:59
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CryptoQuant analyst Axel Adler Jr posted on the X platform, stating that the adjusted realized price range model calibrated to Bitcoin's current circulating supply shows that this round of Bitcoin falling to the key range of $59,000 marks the beginning of a true medium to long-term bottoming process. Bottoming is not a short-term process and will not be completed in one to two weeks; the baseline scenario is expected to take about six months.
Axel Adler Jr emphasized that although Bitcoin has seen some recent increases, the core factor driving market stabilization is not emotional recovery or local rebounds, but rather the return of long-term real demand. This means that the bottom may only be truly established when the market begins to reprice future value and spot buying continues to recover.
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