Crypto
Bitcoin on-chain indicators flash warning; potential bottom seen around $48,000
Bitcoin’s CVDD model, used to estimate long-term bottoms, points to a potential cycle low around $48,000. During the recent pullback, investor loss pressure increased and on-chain indicators began to resemble past bottom zones. CryptoQuant analyst Axel Adler Jr highlighted the SSRR risk ratio turning red for the first time since the previous cycle, signaling greater holder stress. Analysts also cited a CVDD baseline near $48,300 and said downside focus could shift there if weakness persists.
