Analysis: Bitcoin has entered a consolidation phase, and a reversal of the bull market will require a return of spot demand

BlockBeats News, May 2nd, CryptoQuant analyst Axel Adler Jr posted a message stating that Bitcoin has currently entered the lower range of the Adjusted Realized Price Bands model, which could be the range where the market bottom starts to form, but it is by no means a process that will be completed in the short term. The analyst estimated that bottoming processes typically take about 6 months. A genuine bull market reversal cannot rely on sentiment-driven or partial rebounds but must wait for the market to see forward-looking value again, with real demand flowing back in the long term.