CryptoQuant: Bitcoin needs to maintain a fair value of $87,000, an ETF holding cost of $79,000, and a volatility lower limit of $74,000

Analyst Axel Adler Jr. from the crypto analytics company CryptoQuant clearly pointed out that the current market is at a crossroads between bull and bear, and the trend in the coming weeks will depend on whether it can hold the three major "lifelines." He warned that these three key price levels are the "fair value" at $87,000, the "average holding cost of the U.S. ETF" at $79,000, and the "lower limit of the short-term volatility range" at $74,000.

If these positions are held, the current pullback may just be a deep "washout" in the bull market; however, if they are lost, especially if the fair value of $87,000 is breached, market risks will escalate sharply, potentially signaling a deeper pullback or even the onset of a bear market.