CryptoQuant analyst: Bitcoin key support level at $54000

According to Axel Adler Jr, an analyst at CryptoQuant, Bitcoin has recently fallen to around $62000, and the market's losses have expanded. The net realized losses on the 7th have risen to about $7 billion, higher than the market low in February this year. The current price has fallen below the holding cost of approximately $76000 for short-term holders, and most short-term investors are in a floating loss state. The key support levels below are concentrated at an average realized price of approximately $54000 across the entire network and a long-term holder cost price of approximately $49000. Analysis suggests that if Bitcoin remains above $54000, the market is still experiencing a normal pullback; If it falls below and remains below the low point of February this year, panic may intensify.