CryptoQuant Analyst: Bitcoin Must Hold Above $83K to Confirm Market Recovery

Gate News message, April 26 — According to CryptoQuant analyst Axel Adler, short-term holder (STH) selling pressure has notably eased following spring market stress relief, and Bitcoin’s market recovery remains underway. Current BTC price has approached the short-term holder cost basis.

Adler highlighted that the critical trigger for the next market move hinges on Bitcoin’s ability to hold above approximately $83,000, the key short-term holder cost level. Only by breaking through and stabilizing above this level can the market further validate the actual selling pressure strength from short-term holders and determine whether price recovery can be sustained or if downward pressure may re-emerge.