[CryptoQuant Analyst: Model Indicates Current BTC Bottom Formation Begins Only After Dropping to $59,000] Odaily Planet Daily News – CryptoQuant analyst Axel Adler Jr posted on the X platform stating that, based on the Adjusted Realized Price Bands model calibrated to Bitcoin's current circulating supply, this cycle of Bitcoin needs to drop to the critical $59,000 range to truly begin the mid-to-long-term bottom formation. Bottom formation is not a short-term process and will not be completed within one to two weeks; the baseline scenario is expected to take approximately six months. Axel Adler Jr emphasized that although Bitcoin has seen some recent upward movement, the true driver of market stabilization is not sentiment recovery or localized rebounds, but rather the return of long-term genuine demand. Only when the market resumes pricing future value and sustained recovery in spot buying occurs can the bottom be firmly established.