Analyst: Bitcoin Fundamentals Remain Bullish as Long-term Holders Continue to Accumulate, Forming a "Buffer" Support
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
On June 1, CryptoQuant analyst Axel Adler Jr stated, "Despite a brief pullback in Bitcoin prices to $103,000–$104,000, the fundamentals remain bullish: exchange reserves continue to decrease, corporate purchases keep pressuring supply, and long-term holders continue to accumulate, creating a 'buffer' below the market. Meanwhile, the macro situation presents mixed signals: the slowdown in PCE inflation eases some of the Federal Reserve's policy pressure, but tariff uncertainties and rising yields reinforce a 'risk-averse' atmosphere, dampening market growth appetite. The baseline scenario for next week is for Bitcoin prices to consolidate between $103,000 and $110,000 until new catalysts emerge. If trading volume increases and momentum breaks through 20%, accompanied by a break above $110,000, it could confirm the market's readiness to test the $115,000–$120,000 range. Conversely, if net capital inflow turns positive and prices fall below $100,000, it may indicate a deeper correction."
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Alibaba Group, DHL Partner on AI Logistics for Small Businesses
MT newswire•2026/09/11 07:31
Fastpartner signs 7-year, 6,600-sq-m lease with Best Transport for Spånga property
Reuters•2026/09/11 07:30
Crypto prices
MoreBitcoin
BTC
$77,266.8
-0.95%
Ethereum
ETH
$2,468.72
+0.05%
Tether USDt
USDT
$0.9996
-0.00%
BNB
BNB
$715.03
-0.31%
XRP
XRP
$1.36
-1.80%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$99.9
-1.24%
TRON
TRX
$0.3387
-0.21%
Hyperliquid
HYPE
$80.19
-3.49%
Zcash
ZEC
$1,112.19
-8.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now