CryptoQuant Analyst Axel Adler Jr. Says Bitcoin Short-Term Holder Pressure Model Turns Buyer-Dominant Again

CryptoQuant analyst Axel Adler Jr. said Bitcoin’s short-term holder realized pressure model has shifted back to buyer dominance at a low point, mirroring a rebound pattern seen after a February pullback. According to Odaily, the current buyer pressure score is about 30%, above seller pressure at 22%, while seller pressure has compressed to a multi-month low. Adler said coins are moving from short-term holders to stronger buyers, which he described as consistent with an accumulation phase. Bitcoin was priced at $63,900, near the lower boundary of the short-term holder cost basis range around $61,600. Adler said the price is about 4% above the latest buyer cost basis and nearly 10% below the composite cost basis of $71,000. He added that as long as the $61,600 lower boundary holds, the demand structure remains unchanged. If that level is broken, he said the newest holders would also move into losses.