TechFlow News, June 16: CryptoQuant analyst Axel Adler Jr. stated in a post that Bitcoin may have already entered a new accumulation zone; however, the potential structural bottom for this cycle remains around $48,000. Currently, Bitcoin’s adjusted seller risk ratio indicator shows that loss-making supply has begun to exceed profit-making supply, and unrealized pressure on holders has risen significantly. Meanwhile, the Cumulative Value Destroyed Days (CVDD) valuation model indicates that Bitcoin’s structural bottom for this cycle is approximately $48,000.
Axel Adler Jr. concluded that historically, similar zones often correspond to market capitulation phases and bottom-formation processes—such as the cycle lows observed in 2019 and 2023. However, it remains critical to observe whether prices can hold above the $60,000 level and whether the smoothed seller risk ratio continues to rise. Although Bitcoin’s price has briefly rebounded to around $66,000, the market still resides in the lower end of its valuation range, and caution remains warranted regarding final confirmation of the cycle bottom.
