CryptoQuant: BTC stabilizing above $83,000 is key to market recovery

CryptoQuant analyst Axel Adler stated that after the release of market pressure in the spring, the selling pressure from short-term holders (STH) has significantly eased. The Bitcoin market repair is still ongoing, and the current price is close to the cost line of short-term holders. The key trigger for the subsequent trend lies in whether it can effectively stabilize above the short-term holder cost basis of about $83,000. Only by breaking through and stabilizing above this level can the market further validate the actual selling pressure strength of short-term holders and whether it will suppress the price drop again.