Svmuu News: CryptoQuant analyst Axel Adler Jr. stated that the realized pressure model for short-term Bitcoinholders has once again shifted to buyer dominance at the lows, replicating the rebound pattern seen after the February pullback.The current buyer pressure score is approximately 30%, higher than the 22% for sellers. Seller pressure has compressed to a multi-month low, and tokens are shifting from short-term holders to stronger buyers, consistent with the characteristics of an accumulation phase.
BitcoinThe current price is $63,900, near the lower boundary of the short-term holders’ cost basis range at $61,600—about 4% above the latest buyers’ cost basis and nearly 10% below the aggregate cost basis of $71,000.Axel Adler Jr. noted that as long as the lower boundary of $61,600 holds, the demand structure remains unchanged; if this level is breached, even the most recent holders will fall into the red.