[Analyst: $60,000 Becomes New Accumulation Zone for Bitcoin, Potential Cycle Bottom at $48,000] CryptoQuant analyst Axel Adler Jr. stated in an article that Bitcoin's post-adjustment Seller Supply Risk Ratio (SSRR) entered the red zone for the first time when $BTC dropped to $60,000, with the supply in loss exceeding the supply in profit, reflecting significant pressure on holders. Historically, this indicator entering the red zone often coincides with the formation of a bottom. Meanwhile, the CVDD valuation model indicates a structural bottom near $48,300, a level that has almost never been closed below in Bitcoin's history. Currently, Bitcoin has rebounded to $66,000, and the smoothed SSRR has started to turn upward. The analyst believes that $60,000 represents a behavioral pressure zone, while $48,000 serves as the structural risk boundary.