Axel Adler Jr.: Bitcoin short-term holders buy on dips, easing selling pressure

CryptoQuant analyst Axel Adler Jr. stated that short-term holders of Bitcoin have shifted their stress model towards buyer dominance, repeating the rebound pattern after the February pullback. The current buyer pressure score is about 30%, higher than the seller's 22%, and the seller pressure has been compressed to a several month low. The current price of Bitcoin is around $63900, located at the lower edge of the short-term holder cost base range of $61600. Analysts point out that as long as the lower boundary of $61600 is maintained, the demand structure remains unchanged; If this level is not maintained, the latest holder will incur losses.