Bitcoin's Smoothed SSRR Enters Red Zone at $60,000, CryptoQuant Analyst Eyes $48,300 Structural Bottom

BTC1.34%

According to CryptoQuant analyst Axel Adler Jr. on June 16, Bitcoin's smoothed Seller Supply Ratio Risk (SSRR) entered the red zone as BTC fell to $60,000, indicating losing supply exceeded profitable supply amid deep holder pressure. Historically, red-zone entries align with bottom-formation periods.

The CVDD valuation model suggests a structural bottom near $48,300, a level Bitcoin has rarely closed below in its history. Bitcoin has since rebounded to $66,000, with smoothed SSRR beginning to reverse upward, signaling a potential accumulation phase.

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