Axel Adler Jr.: Short-term bitcoin holders are buying the dip, selling pressure is easing

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin short-term holder realized pressure model has shifted to a buyer-dominated pattern, repeating the rebound mode after the correction in February. The current buyer pressure score is about 30%, higher than the seller's 22%, with seller pressure compressed to the lowest point in months. Bitcoin price is currently at $63,900, near the lower bound of the short-term holder cost basis range at $61,600. The analyst pointed out that as long as the $61,600 lower boundary is held, the demand structure remains unchanged; if this level is breached, the latest holders will incur losses.