Axel Adler Jr: Bitcoin's current price is discounted by approximately 55% from fair value

According to chip distribution data, Binance BTC/BTC/USDT is currently under pressure at the concentrated chip trading price of $79302.93 in the past 3 days. A total of 1551 BTC has been traded near this price, with active buying of 807 BTC and active selling of 744 BTC. Operation strategy: Pay attention to the attack and defense of $79302.93. If you successfully hold/break through, this area may become an important obstacle; If encountering obstacles and falling back, the price may seek a new equilibrium upwards. The PRO 'Chip Distribution Chart' allows you to view the performance of the chip peak over different periods, helping to determine the strength level of support or resistance. The data is for reference only and does not constitute any investment advice.

The Binance contract platform will launch the FLNCUSDT perpetual contract at 21:55 on May 18th (UTC+8), with a maximum leverage of 10 times; At 22:00, DRAMUSDT perpetual contract will be launched with a maximum leverage of 20 times; At 22:05, RKLBUSDT perpetual contract was launched with a maximum leverage of 10 times.

[Binance Announces Launch of FLNCUSDT, DRAMUSDT, RKLBUSDT Perpetual Contracts] Binance will launch FLNCUSDT, DRAMUSDT, and RKLBUSDT perpetual contracts, with trading set to open on 2026-05-18 at 13:55 (UTC). Notes: - The above perpetual contracts are not subject to the 'Funding Fee Interval Adjustment Rule' (Clause 8.1), and the funding fee interval is fixed at every 8 hours. - Binance may adjust contract parameters based on market risk conditions, including funding fees, minimum price movement units, maximum leverage, initial margin, and maintenance margin requirements. - The Multi-Asset Mode allows users to use various assets as margin (e.g., BTC).

According to official announcements, Binance contracts will launch three U-based perpetual contract trading pairs on May 18, 2026: FLNCUSDT (up to 10 times leverage) at 21:55 (UTC+8), DRAMUSDT (up to 20 times leverage) at 22:00 (UTC+8), and RKLBUSDT (up to 10 times leverage) at 22:05 (UTC+8). These contracts track the stock prices of FluenceEnergy, Roundhill Memory ETF, and RocketLab Corporation, supporting a multi asset model with funding rates settled every eight hours.

According to Cryptoquant analyst Axel Adler Jr, the fair price calculated by the volatility adjusted version of the Bitcoin rainbow chart is $177000, with a discount of approximately 55% at the current price. The model does not rule out the possibility of a significant decline in Bitcoin prices in the next six months.