Analyst: Bitcoin's current price is undergoing a "healthy" consolidation phase, rather than the start of a bear market

2025.03.25 10:32:22

On March 25th, Bitcoin researcher Axel Adler Jr. stated that, according to on-chain indicators, the current price cycle indicates a healthy consolidation phase rather than the onset of a bear market. Adler Jr. pointed out that BTC has not yet entered an "overheated" zone in this cycle, which can be observed from BTC's investor price model. This indicator has issued sell signals twice in 2021, and the model integrates data such as the realized cap, investor price, and Bitcoin supply. By using the Cumulative Value-Days Destroyed (CVDD) indicator of Bitcoin, Adler believes that the market is still in a "growth phase." The CVDD indicator is used to monitor the selling activity of long-term holders. Only one sell signal has been triggered so far in this bull market, dating back to March 2024. In a Substack article, Adler stated: "Given the current market dynamics, once Bitcoin breaks a key peak level ($123,000), there may be profit-taking by veteran investors, which will put downward pressure on the price." Based on the above analysis, Adler Jr. predicts that Bitcoin may reach $130,000 within 90 days. (Cointelegraph)

Add to Favorites Download image Share x Copy link

Relevant content

Spot gold rises to touch $4,400 per ounce, up 0.57% on the day.

According to Bitget market data, spot gold rose to hit $4,400 per ounce, up 0.57% intraday.

2 minutes ago

Trader 0xacbf loses $110.7K in 2 hours FOMOing $MARSCOIN, CZ's exit triggers 90% crash

Don't FOMO! Trader 0xacbf lost $110.7K in just 2 hours by FOMOing into $MARSCOIN. After CZ burned 4,444 $MARSCOIN, the trader FOMO bought 6.15M $MARSCOIN with 133K $USDT. Then CZ said he would stop using his public address to avoid his actions being overinterpreted by the community, and $MARSCOIN crashed over 90%. The trader sold all 6.15M $MARSCOIN for only 22.4K $USDT, losing $110.7K in only 2 hours.

2 minutes ago

Whale 0x8447 withdraws 5,300 $ETH ($9.98M) from Kraken

Whales keep buying $ETH. Whale 0x8447 withdrew another 5,300 $ETH ($9.98M) from Kraken 8 hours ago.

2 minutes ago

Prediction market platform Novig files a lawsuit against the state of Wisconsin, arguing that sports contracts should fall under the exclusive jurisdiction of the CFTC.

Sports event prediction market platform Novig has filed a lawsuit in the U.S. District Court for the Western District of Wisconsin, with state Attorney General Josh Kaul named as the defendant. Back in April, Wisconsin sued platforms including Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase, accusing their sports event contracts of violating state bans and constituting a "public nuisance". Anticipating it would soon be sued as well, Novig opted to take preemptive action. Legally, Novig asserts that its sports contracts qualify as swaps under the Commodity Exchange Act and should fall under the exclusive jurisdiction of the CFTC.

2 minutes ago

SanDisk extended after-hours gains by nearly 3%, while ADRs of Micron Technology and SK Hynix rose over 1% each; AAOI extended its advance by more than 2%.

According to market data from BIT (bit.com), SanDisk extended its gains by nearly 3% in after-hours trading, following a more than 7% rally last Friday. Last week, SanDisk set mid-to-high double-digit revenue growth targets, announced plans to return 100% of its excess cash to shareholders, signed a $93.9 billion long-term agreement, and revealed its HBF samples are scheduled to debut in 2027. In the storage sector, Micron Technology and SK Hynix ADRs rose over 1%. Optical communications concept stock Applied Optoelectronics (AAOI) extended its after-hours gains by more than 2%, having surged over 15% last Friday.

2 minutes ago

A crypto whale has withdrawn 5,300 ETH from Kraken, and is likely to stake all of it soon.

According to monitoring by OnchainLens, a whale address has withdrawn 5,300 ETH from Kraken, worth roughly $9.98 million, and is expected to stake the entire amount. Last month, this address withdrew 357.1 ETH from Kraken, valued at approximately $566,000, and staked 224 of those ETH.

2 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27