Analyst: Resonance Indicator Shows Market Rebound Not Driven by Short Squeeze, But Rather a Signal of Structural Shift

**March 5th Update** Independent crypto market analyst Axel Adler noted Bitcoin’s market regime score has rebounded from its year-to-date low of -47 (hit February 7) to +0.98 as of March 4—crossing back above zero. While the reading was deeper than the -37 seen in November 2025 (which took 33 days to recover) and the -35 in August (11 days), it only took 25 days to bounce back, marking a relatively faster recovery pace. The analyst highlighted two key triggers to keep the regime score in bull market territory: a normalized funding rate and Bitcoin holding above $70,000. Traders should watch for a shift toward active long position openings, he added. Meanwhile, the price structure indicator jumped from +0.07 to +0.57 between March 2 and 4—crossing zero and turning positive in tandem with the regime score. This is the first time the two metrics have aligned since January, when their synchronicity preceded a 7-8% price gain. Adler argues the simultaneous signals from these independent tools mean the current trend isn’t just a local short squeeze—it’s a sign of structural change, with more synchronization than the lagged confirmation seen in January.