Analysis: Bitcoin selling pressure has decreased to one-sixth of the cycle average, and the market has entered an accumulation phase.

PANews reported on March 13th that CryptoQuant analyst Axel Adler Jr. analyzed that selling pressure in the Bitcoin market has dropped to one-sixth of the cyclical average, currently in a positive accumulation phase. The Sell-side Risk Ratio model shows that the last selling pressure signal appeared in December 2024 (at a price of $107,000), after which the signal closed. Currently, the model shows an accumulation signal, with selling pressure on the network continuing to decline, resembling data from the $16,000 to $20,000 price levels during the 2022-2023 bear market.

The model divides the current cycle into two phases: a strong allocation phase from November to December 2024, ranging from $64,000 to $107,000, and the current regression and accumulation phase. The 180-day sell-side risk ratio has decreased from 3,210 to 1,913 over the past 60 days and continues to decline at a rate of approximately 20 points per day. The current seller behavior pattern matches the bear market phase, but the price remains between $67,000 and $72,000, creating a structural divergence.