📊 #CryptoQuant's Axel Adler Jr (@AxelAdlerJr) maintains bullish Bitcoin outlook despite correction to $103-104K.
🔑 Key fundamentals: exchange reserves declining, corporate buying pressuring supply, long-term holders accumulating. Mixed macro signals with PCE inflation cooling but tariff uncertainty and rising yields creating risk-off sentiment.
🔢 Baseline: $BTC consolidation $103-110K until new catalysts emerge. Breakout above $110K with 20%+ momentum could target $115-120K range, while sub-$100K risks deeper correction.
Source:
https://adlerscryptoinsights.substack.com/p/bitcoin-trends-w1-june-2025
