Axel Adler Jr.: Bitcoin $60,000 is the accumulation zone, $48,300 is the potential structural bottom

CryptoQuant analyst Axel Adler Jr. stated that when Bitcoin fell to $60,000, the Seller Risk Ratio (SSRR) entered the red zone, and the supply in loss exceeded the supply in profit. The CVDD valuation model shows that the structural bottom is near $48,300—a level that Bitcoin has almost never closed below in its history. Currently, Bitcoin has rebounded to $66,000, and the smoothed SSRR has started to turn upward. Axel Adler Jr. considers $60,000 as the behavioral stress zone and $48,300 as the structural risk boundary.