CryptoQuant analyst: BTC's medium-to-long-term bottoming range may be around $59,000; the recent rebound may not be the core of market stabilization.

According to Mars Finance, CryptoQuant analyst Axel Adler Jr. published an article on the X platform stating that, based on an adjusted price range model calibrated to Bitcoin's current circulating supply, the current drop in Bitcoin to the key $59,000 level is expected to initiate a true medium- to long-term bottoming process. This bottoming process will not be short-term and will not be completed within one to two weeks; the baseline scenario anticipates it will take approximately six months. Axel Adler Jr. emphasized that although Bitcoin has recently risen, the core driver of market stabilization is not sentiment repair or a localized rebound, but rather the return of long-term real demand. In other words, a true bottom can only be established when the market begins to re-price future value and spot buying continues to recover.