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.
CryptoQuant Analyst Axel Adler Jr. Says Bitcoin Short-Term Holder Pressure Model Turns Buyer-Dominant Again
2026-07-10 08:14:28
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