Analyst: Bitcoin Fundamentals Still Bullish, Long-Term Holders Continue to Accumulate Creating "HODLer" Support

BlockBeats News, June 1st, CryptoQuant analyst Axel Adler Jr posted, stating, "Despite a brief Bitcoin price pullback to $103,000–$104,000, the fundamentals remain bullish: exchange reserves continue to decline, corporate buying pressure continues to squeeze supply, while long-term holders continue to accumulate, forming a market bottom 'buffer'."

Meanwhile, the macro situation presents mixed signals: PCE inflation slowing has eased some of the Fed's policy pressure, but tariff uncertainty and rising yields have strengthened a 'risk-off' atmosphere, dampening market willingness to grow.

The baseline scenario for next week is for the Bitcoin price to range between $103,000 and $110,000, until new driving factors emerge. If trading volume expands and momentum breaks 20%, accompanied by a breakout above $110,000, it can confirm the market's readiness to test the $115,000–$120,000 range. Conversely, if net inflows turn negative and the price falls below $100,000, it may signal a deeper retracement."