Gate News, March 13 — CryptoQuant analyst Axel Adler Jr. stated that the last time the seller risk ratio showed active selling pressure signals was in December 2024 (around $107,000). Since then, this signal has remained off. Currently, the model indicates an accumulation signal, with selling pressure online reduced to about one-sixth of the average level during this cycle. The indicator is still declining and has returned to levels seen during the 2022-2023 bear market, when Bitcoin prices ranged between $16,000 and $20,000.
The current cycle has moved past the distribution phase and re-entered the accumulation phase, which is still ongoing. The 180-day rolling average has fallen to 1,913, a level typically associated with bear markets in history, but at that time, prices were only between $16,000 and $20,000, whereas current prices are between $67,000 and $72,000. The current market state is neutral leaning towards accumulation. The main risk is that, without price catalysts, the market could enter a prolonged consolidation, causing the rolling average SRR indicator to continue declining.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
