[CryptoQuant Analyst: Model Indicates Current BTC Drop to $59,000 Marks the Start of Mid-to-Long-Term Bottom Formation] According to a report by Jinse Finance, CryptoQuant analyst Axel Adler Jr posted on the X platform stating that the Adjusted Realized Price Bands model, calibrated based on Bitcoin's current circulating supply, indicates that the current Bitcoin drop to the critical $59,000 range would mark the true start of mid-to-long-term bottom formation. Bottom formation is not a short-term process and will not be completed within one to two weeks; the baseline scenario is expected to take approximately six months. Axel Adler Jr emphasized that although Bitcoin has seen some recent upward movement, the true driver of market stabilization is not sentiment recovery or localized rebounds, but the return of long-term genuine demand. Only when the market begins to reprice future value and spot buying resumes consistently can the bottom be truly established.